November 7 2019
On 6 November 2019, the International Monetary Fund (IMF) released the Concluding Statement of the 2019 Article IV Consultation with the United Arab Emirates (UAE). The IMF makes the following tax policy recommendations:
- strengthening transparent and rules-based fiscal frameworks to ensure sufficient saving of oil wealth for future generations and smoothing of short-term fluctuations; and
- promoting the growth of the non-oil private sector, including small and medium-sized enterprises (SMEs).