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STACEY METLERKAMP
Dubai Taxation
19 Oct 2017, 22:34
SOURCE:http://www.livingindubai.org/dubai-taxation/
- Dubai is a tax free country but there are some incidents when it is required of you to pay some form of taxes.
- As mentioned, the UAE Federal Government does not levy tax on the wealth of individuals but collect fees from car registration, road toll and Emirates ID cards
- If you a emigrate and is earning an income, you will be subject to tax.
SARS refunding more that R62.1 bn to taxpayers
16 Oct 2017, 12:57
- At 2 October 2017 refunds of R62.1bn were pay to taxpayers at which R49.5 bn is Vat refunds and R12.3 bn is for personal income tax returns
- Since this date only 2.7 million taxpayers submitted their returns in this tax season which opened in July
- Because of the above mention and the fact that taxpayers are not setting there debt with revenue collections agencies within the stipulated deadline, SARS will worsen criminal proceedings from October
- This ruling is not limited to the current year but also to previously non- compliance years
Source: Fin 24; Economy; SARS coughs up more than R62.1 bn in refunds
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