Tax Planning For The United Arab Emirates

Zero tax in the UAE leaves your investment free to attract optimum returns. It is, however, important to be completely sure of your exemptions by consulting a tax advisor.

Even though you may no longer be a resident in your home country, in rare circumstances you may still be liable for capital gains tax on any profit made from the sale of assets. See for more information.

The UAE is free of individual income tax; investment income tax; wealth tax; capital gains tax; inheritance and gift tax; property tax; stamp duty; transfer tax and VAT. Some of the emirates may charge some tax on certain luxury products, such as alcoholic drinks and cigarettes, when supplied to the hospitality industry. VAT is targeted for introduction in 2010 and planning talks with the International Monetary Fund (IMF) are currently underway.

As an expatriate, in order to manage your tax liability and/or control when tax charges are levied, you may wish to consider offshore investments and life products. Your independent financial adviser can help you maximise the financial benefits of your expatriate status as well as assess if offshore life products are the right ones for your individual circumstances.

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