Is Dubai Really Tax Free ?
There is no Income Tax on income generated by Individual in Dubai
Dubai levy @20% taxes on the income of foreign banks operating in their country
Alcohol are taxed heavily with 50% taxation on imports and 30% tax at the point of sale.
Oil businesses are taxed at a mind-boggling 55% rate
Dubai charges people 100 dirhams per year to renew their national ID
Dubai government charges a 5% tax on the rental income generated.
The parking in Dubai is also owned by the state. The charges for parking are very steep.
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