Oman is not gonna tax worldwide income from foreigners though. Turning like Singaporehttps://www.khaleejtimes.com/business/first-in-gcc-oman-to-roll-out-personal-income-tax-next-yearWhat will UAE expats do in case UAE introduce personal income tax? Leave or stay?
Would love to hear from members here
Singapore temporary residents (foreigners or not) still have to pay tax on their worldwide income as long as it's remitted into Singapore (spent, bank account, etc...)Oman is not gonna tax worldwide income from foreigners though. Turning like Singapore
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Singapore temporary residents (foreigners or not) still have to pay tax on their worldwide income as long as it's remitted into Singapore (spent, bank account, etc...)
Also, be ready to have a 90% flat income Universal tax within the next 20 years, worldwide.
not gonna happen.Singapore temporary residents (foreigners or not) still have to pay tax on their worldwide income as long as it's remitted into Singapore (spent, bank account, etc...)
Also, be ready to have a 90% flat income Universal tax within the next 20 years, worldwide.
This is only if the withholding tax (or non-resident tax) from the source country is less than 15%. Otherwise it's completely tax-free. I doubt Oman will apply this kind of ruleSingapore temporary residents (foreigners or not) still have to pay tax on their worldwide income as long as it's remitted into Singapore (spent, bank account, etc...)
Just to let you know; there was a proposal to tax Billionaires worldwide by Brazil (Communist Lula) with big support of France (always has been left-wing economically) and some countries and it didn't work out.Also, be ready to have a 90% flat income Universal tax within the next 20 years, worldwide.
They are smarter than thisSingapore temporary residents (foreigners or not) still have to pay tax on their worldwide income as long as it's remitted into Singapore (spent, bank account, etc...)
Also, be ready to have a 90% flat income Universal tax within the next 20 years, worldwide.
absolute monarchy
I don't mind. At least monarchy can have a longer planning horizon unlike the modern democracies where 4 years is a maximum they care for and where there is more important to gather more votes than actually improve the country.The question is does one want to pay personal income tax to an absolute monarchy?
100%The question is does one want to pay personal income tax to an absolute monarchy? Is the tax sufficiently low enough to make it worth while? How will the money be spent? Roads, highways or F16's and patriot missile systems. Oh wait your a guest in the kingdom so mind your own business and just pay up.
What are you talking about? People pay 45% taxes in democracies in exchange for literally nothing. Look how dangerous the UK or France have become today, or even most cities in the USA.The question is does one want to pay personal income tax to an absolute monarchy? Is the tax sufficiently low enough to make it worth while? How will the money be spent? Roads, highways or F16's and patriot missile systems. Oh wait your a guest in the kingdom so mind your own business and just pay up.
What are you talking about? People pay 45% taxes in democracies in exchange for literally nothing. Look how dangerous the UK or France have become today, or even most cities in the USA.
People pay 20-45% income tax (plus a s**t ton of other taxes) to literally live in the wild west.
By introducing corporate tax the UAE has already taken care that the income of individuals does not exceed a certain value. If you receive income from active business and it exceeds AED 1M - you will have to register it and become a corporate tax payer.https://www.khaleejtimes.com/business/first-in-gcc-oman-to-roll-out-personal-income-tax-next-yearWhat will UAE expats do in case UAE introduce personal income tax? Leave or stay?
Would love to hear from members here
Why do you think so? People also said it was game over for people with companies there. As far as I see it, not much has changed compared to before the introduction of the 9% corporate tax!If PIT is introduced in the UAE - it's game over for them.
Because similar arrangements exist with 0 tax. Cyprus non-dom for instance - spend 60+ days there and just use golden visa to vacate in Dubai. Or Italy + Dubai or many other options for people with money. They want affluent people there, not backpackers, I doubt they will do anything to spook them.Why do you think so?
This is only the beginning!Also, be ready to have a 90% flat income Universal tax within the next 20 years, worldwide.
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