TAX on way

The UAE is considering to impose a tax on the money that expatriates transfer to their home countries every year, government and banking sources said on last Friday.

Expat employees in the UAE transferred a net total of AED45.1 billion out of the country last year, up from AED41.2 billion in 2011, according to central bank data.

while in an opinion poll conducted by independent sources most expats consider it begining of TAXation culture in UAE.

Some locals consder it is as haram. “you will be mostly cutting up the hard earned money of the laborers and workers to fill up your filthy pockets. Those poor people sweat and bleed to earn and you want a free share? limit your greed? If UAE continues implementing these laws to earn easy money. Destruction awaits UAE” says Mohammed (a very common name in Muslim world)

another expat shares his opinion as:

Already the cost of living & spending has risen up a lot without any imposed incremental salary for expats. It is worth to mention that “impose tax on remittances” will impact on further forced spending at this stage. So it is not recommended at all to go for this proposal.

another expat from Indian subcontinent shares as:

It will encourage ‘Hundi’ transfers ( hundi is subcontinent terms for undeclared money transfers which works at light speed give cash in UAE, take cash in your country in next minute ) no questions asked.

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