The UAE authorities are planning to ease tax residency requirements for expatriates who have left the country amid the conflict in Iran, the Financial Times (FT) reported, citing sources.
Foreign residents may be allowed to spend more time abroad without losing their preferential tax status. Applications will be considered on a case-by-case basis, taking into account force majeure circumstances, including air travel disruptions. The move is particularly important for Dubai, which attracts wealthy foreigners with its zero income tax rate and its status as a key financial hub in the region.
It was previously reported that the UAE's Federal Authority for Identity, Citizenship, Customs and Ports Security had allowed residents with expired residency permits to enter the country after they were unable to do so in time due to the conflict in the Middle East.