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INCOME TAX IN DUBAI
The good news is that there is no direct taxation for individuals in Dubai which means that you can enjoy your entire salary. This is obviously an important factor for many people who are coming to Dubai to work. It is long established and tradition that oil companies and banks are the only ones who have to pay the income tax, and it is very unlikely that will change in the near future.
20% of the taxable income has to be paid from foreign banks. Oil companies and chargeable people who are dealing with oil (off-shore and on-shore) have to pay a rate of 55% of the taxable income and royalties on production.
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