Postage stamps and postal history of the United Arab Emirates مجموعة بريد الإمارات Postage stamps and postal history of the United Arab Emirates This is a survey of the postage stamps and postal history of the United Arab Emirates (UAE). The UAE consists of seven states, termed emirates, which are Abu Dhabi, Dubai, Sharjah, Ajman, Umm al-Quwain, Ras al-Khaimah and Fujairah. The capital and second most populous city of the United Arab Emirates is Abu Dhabi. Before 1971, the UAE was known as the Trucial States or Trucial Oman, in reference to a 19th-century truce between the United Kingdom and several Arab Sheikhs. The first post office in the region
Taxation in the United Arab Emirates Taxation in the United Arab Emirates The United Arab Emirates is a federation of seven emirates, with autonomous emirate and local governments. The United Arab Emirates does not have any federal income tax. An income tax decree has been enacted by each Emirate, but in practice, the enforcement of these decrees is restricted to foreign banks and to oil companies. The UAE government implemented value added tax (VAT) in the country from January 1, 2018 at a standard rate of 5%. Most of the revenues have been generated from oil sales to other countries. UAE is looking to diversify from