Dubai Law No. 1/2024 On Taxation of Foreign Banks Operating in the Emirate of Dubai
Abrogating:
Dubai Regulation No. 2/1996 dated 31/12/1996
We, Mohammed bin Rashid Al Maktoum, Ruler of Dubai,
Having perused Federal Decree-Law No. 14/2018 on the Central Bank and the Organisation of Financial Institutions and Activities, and its amendments;
Federal Decree-Law No. 28/2022 on Tax Procedures and its Implementing Regulation;
Federal Decree-Law No. 47/2022 on Corporate and Business Taxation and its amendments;
Dubai Law No. 5/1995 on the Establishment of the Department of Finance;
Dubai Law No. 1/2016 on the Dubai Government Financial Regulation, its Implementing Regulation and their amendments;
Dubai Law No. 4/2018 on the Establishment of the Financial Audit Authority;
Dubai Law No. 5/2021 on Dubai International Financial Centre;
Dubai Decree No. 22/2009 on the Special Development Zones in the Emirate of Dubai;
Dubai Decree No. 59/2023 on the Supreme Committee of Fiscal Policy in the Emirate of Dubai;
Dubai Regulation No. 2/1996 on the Collection of Tax from Branches of Foreign Banks in the Emirate of Dubai;