UAE Looks at Levying Fee For Remittances
Expatriates may be asked to pay a government tax on money they send back home.
The Minister of State for Financial Affairs, Obaid Al Tayer, said on Tuesday a study was under way on whether to levy a charge on remittances.
“It is in its first stages,” Mr Al Tayer said. “No decision has been made with regards to this.”
He said further studies would be needed on factors including social and economic effects, and that a draft law had yet to be considered.
The UAE is also looking at doubling the tax on tobacco by 2017, in line with the GCC, and reviewing corporate tax laws. Details