Managing Tax Rules in Different Types of Properties in UAE

UAE Government and Tax Rules Tax on income varies from country to country. As far as UAE is concerned, tax rates are either meager or no tax at all for several walks of life. There are several areas where tax relaxation can be enjoyed by individuals as well as organizations. Even commercial taxes are found to be comparatively less in UAE than in other countries. More Tax Benefits for Individuals working in UAE Working people and residents of UAE and Dubai can enjoy huge advantage in buying residential properties if they buy resale property in Dubai. Except 2% of registration charge which they need to pay to incur the process there is no additional amount will be asked in the name of tax. Tax Limitations on Property in different parts of UAE Abu Dhabi 5 to 10% of tax will be charged on commercial property over the annual rent received by the owner. In Dubai 5 to 15% of tax will be charged in accordance with the income status of the tenant. Link between Rental Property Tax and Employment In Dubai rental property tax varies depending on different living circumstances and employment status. People working in banking sector and residing in Dubai have to bear 15% as tax from the annual rent. Common Tax for All residential Properties All kinds of residential properties in Emirates will be charged annual...

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