UAE is top world expat destination
The United Arab Emirates is the world’s top destination for expatriates in terms of personal taxation, according to a new study.
Mercer’s ‘Worldwide Individual Tax Comparator Report’, a global survey of expatriate hotspots, looks at tax and benefits systems across 32 countries, focusing on personal tax structures, average salaries and marital status. Data from the survey is used by multinationals to structure pay packages for their expatriate and local market employees.
For single managers, the UAE has the most attractive tax environment according to the percentage of net income available, the survey finds. The country earns its no. 1 ranking by not assessing income tax, with social security contributions amounting to just 5% of a local employee’s gross salary.
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