Page:Constitution of the United Arab Emirates - official translation 2015.pdf/58

United Arab Emirates Constitution The UAE allocates in its annual budget certain amounts from its revenues to be spent on construction and development projects, internal security, and social affairs according to the urgent needs of some of the Emirates. The cost of the implemented projects is covered from these allocations by and under the supervision of the competent federal authorities in agreement with the authorities of the concerned Emirate.

The UAE may establish a special fund for this purpose.

A federal tax may be imposed, amended or abolished only by an Act. No person may be exempted from payment of such tax except in the cases specified by law.

No federal taxes, duties or dues may be levied on any person except insofar as may be determined by law and in accordance with its provisions.

A public loan or a commitment involving disbursement of amounts from the federal treasury in a following year or years may be made only by a federal law.

The closing account of the financial administration of the UAE for the ended financial year shall be submitted