The Middle East has always been championed as a paradise for those who want to work hard and live a luxurious lifestyle. The number of expats in the UAE is high, with 88.5% of the population hailing from overseas. The Middle East as a whole has always been a first-choice location for many people wanting to work abroad and with foreign investment increasing across the nation, as well as the Dubai Expo 2020 and the World Cup in Qatar in 2022, ...
Abu Dhabi’s new tax increase will see over 2.3 million expats hit with higher rent bills following the introduction of larger municipality fees.
The tax is part of a change to how annual rental is charged with the tax rate growing from the previous low of 3% cent to 5% with the exception of residential villas, which are subject to a 7.5^ charge.
While the municipality fee was announced back in February 2018, charges weren’t implemented until May this year.
ADDC, the company responsible for ...