Originally Posted by
gardenshed
Whilst having a coffee this morning with a mate in the construction game, he told me that his colleague who is a local, and has a well placed Dad in Abu Dhabi, has been told that Income tax at a rate of 5% is being planned to start in Jan 2019.
It's inevitable I fear........
The UAE Ministry of Finance was quoted late last year as follows:
The government of the UAE is considering introducing new taxes in addition to the 5 per cent value-added tax (VAT) due to come into effect next month, but has no plans to introduce income tax, the Ministry of Finance said on Monday.
“The UAE is exploring other tax options according to best international practices,” the finance ministry said in a statement.
“These options are still under analysis and study and it is unlikely they will be introduced in the near future. The UAE is not currently looking at introducing income tax.”
Two paragraphs and both contained a bold statement that the UAE is not looking at introducing income tax. Politico speak deciphered ........income tax is coming, one year from now maybe two or maybe even in five. But it is coming for sure.
What's the old saying?? Death, taxes and student nurses......only guarantees in life