The United Arab Emirates (UAE) has strong credentials in commodity trading, from its integral contribution to the old Silk Road to technical commercial innovations in present day trade. There are a wide range of participants and products in the market, and technological innovation has resulted in more complex and fast paced trade. The tax legislation may not address these complexities, which are often a result of rapid non-tax related developments. This has resulted in a range of potential risks areas for commodity market participants in the UAE.
Source Deloitte
