In a high-level meeting held at Al-Bahr Palace in Abu Dhabi, His Highness Sheikh Mohamed bin Zayed, President of the United Arab Emirates, received His Highness Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai. The meeting was also attended by His Highness Sheikh Mansour bin Zayed, Vice President and Head of the Presidential Court, and His Highness Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi.
The session focused on the strategic direction of the country’s economic development and the implementation of smart governance policies. It followed a recent UAE Cabinet meeting chaired by Sheikh Mohammed bin Rashid.
During the discussions, the latest updates on the UAE’s taxation system were reviewed. To date, over 520,000 companies have registered for corporate tax, and around 470,000 for value-added tax (VAT).
Sheikh Mohammed bin Rashid emphasized, “Our taxation system is a key pillar of the UAE’s future economic infrastructure. Its efficiency reflects the strength of our competitive economy.” According to Switzerland’s IMD World Competitiveness Center, the UAE ranks 5th globally for the efficiency of its tax policies and 2nd for its efforts in combating tax evasion.
The session also approved the launch of the UAE’s first integrated Legislative Intelligence System, powered by artificial intelligence. This platform is designed to accelerate the legislative process by up to 70%.
