The UAE is among the top 10 globally in financial and tax indicators

The Federal Competitiveness and Statistics Center reported that the UAE ranked among the top 10 in the world in 16 main indicators of global competitiveness related to finance and taxes for the year 2021, according to reports issued by a number of the largest international organizations and institutions concerned with global competitiveness, which supports its position as a preferred main destination in the fields of business. Trade and investment.

The center said, "The UAE ranked first in the Arab world, regionally and globally in five main indicators, namely the indicator of the lack of personal income tax collected according to the global talent report issued by the International Institute for Management Development, and the indicator of the lack of personal tax collected as a percentage of GDP, according to the book's report. The annual Global Competitiveness Report issued by the International Institute for Management Development, and the indicator of the lack of tax evasion, according to the report of the Global Competitiveness Yearbook issued by the same institute.

Recent statistics by "Competitiveness and Statistics" showed that "the UAE ranked first in the Arab world, regionally and globally as well in the tax profit rate index according to the Travel and Tourism Competitiveness Report issued by the World Economic Forum, and the Trade Balance Index as a percentage of GDP according to the report of the Global Competitiveness Yearbook issued by the International Institute for Management Development.

According to the center, the UAE ranked first in the Arab world and in the region, and third globally, in three main indicators, which are the indicator of the lack of actual personal taxes according to the report of the World Competitiveness Yearbook issued by the International Institute for Management Development, and the expectations index for the current account balance as a percentage of GDP according to According to the report issued by the institute itself, and the public funds transfer index according to the well-being index report issued by the Legatium Institute.

The UAE also ranked first at the Arab and regional levels, and fourth globally, in the index of stability of the exchange rate, according to the report of the World Competitiveness Yearbook issued by the International Institute for Administrative Development. According to the open data inventory report issued by the Open Data Organization, which is the indicator that measures the extent of openness and coverage of price indicators, and the indicator of the lack of distorting effect of taxes and subsidies on competition, according to the global competitiveness report issued by the World Economic Forum, as well as the first Arab and regional position, and fifth globally. , in the trade budget according to the Global Competitiveness Yearbook report issued by the International Institute for Management Development.

The UAE ranked first in the Arab world and eighth globally in the index of availability of financial skills, according to the report of the World Competitiveness Yearbook issued by the International Institute for Management Development. It also ranked first in the Arab world and ninth globally in actual growth in the formation of total fixed capital according to the Competitiveness Yearbook report Global issued by the International Institute for Management Development.

• The UAE ranked first in the Arab world, regionally and globally in 5 main indicators.

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