newsoholic Time to become News Oholic!
The UAE's economy is the most diversified in the Gulf Cooperation Council, while its most populous city of Dubai is a global city and international aviation and maritime trade hub. The country has become less reliant on oil and gas, and is economically focusing on tourism and business. The UAE government does not levy income tax, although there is a system of corporate tax in place and value-added tax at 5% was established in 2018.
United Arab Emirates’ wonders
The UAE's economy is the most diversified in the Gulf Cooperation Council, while its most populous city of Dubai is a global city and international aviation and maritime trade hub. The country has become less reliant on oil and gas, and is economically focusing on tourism and business. The UAE government does not levy income tax, although there is a system of corporate tax in place and value-added tax at 5% was established in 2018.