Cryptocurrency Q&A
Is Dubai really tax free?
Is Dubai really tax free?
Maria
Mon Dec 02 2024
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7 answers
1206
I've heard a lot about Dubai being a tax-free paradise, but I'm wondering if that's really true. Are there no taxes at all in Dubai, or are there some exceptions to this rule? I'd like to understand the tax situation there better.
7 answers
Bianca
Wed Dec 04 2024
Dubai does not impose income tax on individuals.
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EnchantedMoon
Wed Dec 04 2024
This tax exemption applies to both UAE citizens and foreign residents.
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DreamlitGlory
Wed Dec 04 2024
The UAE government does not levy personal income tax.
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Silvia
Wed Dec 04 2024
Despite the absence of income tax, Dubai does have a Value Added Tax (VAT).
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Tommaso
Tue Dec 03 2024
The VAT rate is set at 5% and applies to most goods and services.
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