Taxes for individuals or natural persons in Dubai
Posted: Sun Jan 19, 2025 3:35 am
Talking about taxes? It may seem tedious if you are not very interested in the subject. But when it comes to Dubai, the topic becomes more interesting. As you, like the rest of the world, have heard a lot about it, it is important to make a digression before listing the different taxes: although it is true that when moving to Dubai you will not have to pay personal income tax, there are other taxes to pay. Let's see which ones are for individuals.
It's true, as we said, you won't have to el salvador phone number library pay taxes on your salary when you move to work in Dubai. Here, the government doesn't tax personal income. This means that everything you earn stays in your pocket. This approach is especially advantageous for those with high salaries. In many other countries, they could lose up to 40% or more in income tax.
Are you going to earn $0,000 a month? That money is all yours. You won't have to worry about annual returns or tax adjustments, which is a financial relief for many.
Although there is no direct income tax, Dubai does levy a 5% VAT on most goods and services . This applies to basic products, technology, transport and restaurants, among many others, but it is one of the lowest rates in the world. To give you an idea, countries such as Spain and Germany have VAT rates of 2% or even higher.
It's true, as we said, you won't have to el salvador phone number library pay taxes on your salary when you move to work in Dubai. Here, the government doesn't tax personal income. This means that everything you earn stays in your pocket. This approach is especially advantageous for those with high salaries. In many other countries, they could lose up to 40% or more in income tax.
Are you going to earn $0,000 a month? That money is all yours. You won't have to worry about annual returns or tax adjustments, which is a financial relief for many.
Although there is no direct income tax, Dubai does levy a 5% VAT on most goods and services . This applies to basic products, technology, transport and restaurants, among many others, but it is one of the lowest rates in the world. To give you an idea, countries such as Spain and Germany have VAT rates of 2% or even higher.