UAE Corporate Taxation

Corporate income tax is imposed on foreign oil companies, i.e. companies dealing in oil or oil exploration rights.

The tax rate may range between 55% and 85%.http://www.taxrates.cc/html/united-arab-emirates-tax-rates.html

-Also .....

"In practice, the tax paid by an oil company can range from 55 percent to 85 percent for operating profits  ."

See this on page 1..http://www.kpmg.com/Global/en/IssuesAndInsights/ArticlesPublications/cross-border-mergers-acquisitions/Documents/uae-2012.pdf

---"Crude oil revenues accounted for 80 percent of consolidated government income in the UAE in 2010  http://www.reuters.com/article/2012/03/26/emirates-tax-imf-idAFL6E8EQ4JJ20120326?pageNumber=2&virtualBrandChannel=0

Regards , T.