Tax free haven?

Saving Money New To Town Banking Money 3477 times2 answers1 follower
Tom 1.09K Rep. Sultanat answered

Is the UAE actually completely tax free?



jonathan 315 Rep. jonathan edited answer

Yes and no.

UAE residents do not pay any income taxes or VAT on purchases. There are, however duties applied to certain good including alcohol. On tope of that there are many “shadow taxes” such as road tolls and fees for government services.

    Sultanat 2.11K Rep. Sultanat answered

    At the moment UAE is a tax free country but they are implementing VAT at the rate of 5% on 1 January 2018.

      Subscribe to this question

      Share the joy

      Trending Questions

      Home Maintenance Companies 2 answers | 1 vote
      School advice? 0 answers | 0 votes
      Dubai in one night 0 answers | 0 votes
      dresscode 0 answers | 0 votes
      Fintech? 0 answers | 0 votes
      Question and answer is powered by