Etisalat & Du will both pay 40% 'tax'

The United Arab Emirates government will announce by April a royalty scheme for telecom operators that will effectively set a corporation tax for the two telecoms operators.

It is expected to be set at 40% of annual profits, a reduction for the current monopoly supplier, Etisalat, which pays 50% of profits to the state today, but not the 20% rate that the corporation asked the government for in October last year.   Etisalat and soon to be launched second operator, du, would both pay the same 40% rate, according to Sultan al-Mansoori, Minister of Development for Government Sector.

The federal government will outline the royalty in a strategic plan for the country that is in final stages of discussion, he said.  

Print | Email | Discuss this article |

READERS' COMMENTS

Click here to post a comment

Add your Comment All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Name *
Remember me on this computer
Email *	(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments
Security Code *
Please click post only once - your comment will not be published immediately.

MORE FROM ARABIANBUSINESS.COM