Additionally millions of foreigners across the gulf send a significant portion of their salaries to relatives back home leaving them with maybe a third or less of their salary to live off of each month. Salaries meanwhile remain the same. Auch wenn es etwas langsamer abl uft und der ball nicht sofort getroffen wird. Rent can easily eat up a third of income in places like dubai. In the mid 1970s during an oil boom and construction drive in saudi arabia the country suspended income taxes on foreigners altogether to attract more expatriates to live and work in the country.
Meanwhile vera clement a mother and assistant manager of restaurants from france who has lived in dubai for three years said if you compare with europe i don t think it s as expensive. Pictured dubai at night the decision which could affect the country s reputation with foreign workers many of whom are lured by a tax free lifestyle comes after a collapse in oil prices three years ago. Meanwhile saudi arabia recently unveiled the biggest budget in its history with plans to spend 978 billion riyals 261 billion 195 billion this coming fiscal year as the government forecasts a boost in revenue from the introduction of vat and plans to reduce subsidies. Vat however is by far the most wide ranging tax to be rolled out in the two countries. Pictured shoppers at a mall in dubai there will be some exemptions for big ticket costs like rent real estate sales certain medications airline tickets and school tuition.
Though the gulf has long been associated with being a tax free haven foreign companies except in bahrain pay corporate income taxes. Extra costs parents pay to schools for uniforms books school bus fees and lunch will also be taxed as will real estate brokerage costs for renters and buyers. Nicht verzagen es ist noch kein meister vom himmel gefallen.Saudi arabia recently unveiled the biggest budget in its history with plans to spend 978 billion riyals 261 billion 195 billion this coming fiscal year. I am scared because everything is actually expensive already in dubai.