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Which countries do not tax rental income from AirBNB or similar outfit!
- Thread starter Mister Sir
- Start date
Cayman Islands
Monaco (1% rental tax tenant pays however)
No annual property taxes either but stamp duty etc applies.
P.S Would be interested in knowing about other countries also.
It's full of people in the Bahamas who have their properties on AirBnB and are not paying any taxes.
UAE and Cyprus (with low rent) seems to be one with 0% as well. Here are some others with taxes until 15%. Keep in mind, that's just for renting to tenants, and not especially for AIRBNB.
Without property tax/transfer tax it's gonna be harder, even UAE seems to have 6.8%.
Without property tax/transfer tax it's gonna be harder, even UAE seems to have 6.8%.
| NET MONTHLY RENT | 1,500 $ or € | 6,000 $ or € | 12,000 $ or € |
|---|---|---|---|
| UAE | 0.00% | 0.00% | 0.00% |
| Cyprus | 0.00% | 20.95% | 27.98% |
| Georgia | 5.00% | 5.00% | 5.00% |
| India | 5.82% | 17.25% | 21.50% |
| Thailand | 7.42% | 20.40% | 25.20% |
| Belgium | 8.11% | 10.19% | 13.90% |
| Poland | 8.50% | 11.24% | 11.87% |
| Germany | 9.92% | 30.72% | 37.52% |
| Romania | 10.00% | 10.00% | 10.00% |
| Qatar | 10.00% | 10.00% | 10.00% |
| Latvia | 10.00% | 10.00% | 10.00% |
| Israel | 10.00% | 10.00% | 10.00% |
| Croatia | 10.00% | 10.00% | 10.00% |
| Bulgaria | 10.00% | 10.00% | 10.00% |
| Ireland | 10.05% | 11.54% | 12.52% |
| Uruguay | 10.50% | 10.50% | 10.50% |
| Netherlands | 13.42% | 22.12% | 26.39% |
| Slovenia | 15.00% | 15.00% | 15.00% |
| Morocco | 15.00% | 15.00% | 15.00% |
| Montenegro | 15.00% | 15.00% | 15.00% |
| Lithuania | 15.00% | 15.00% | 15.00% |
| Hungary | 15.00% | 15.00% | 15.00% |
| Hong Kong | 15.00% | 15.00% | 15.00% |
| Czech Rep. | 15.00% | 15.00% | 18.72% |
| Brazil | 15.00% | 15.00% | 15.00% |
Wow look at UAE; no wonder why a lot of people got residency there besides 0 personal income tax.... I don't see the bahamas anywhere on that list though?????? Possibly an incomplete list 
....
....
And UAE/Dubai doesn't have property taxes (yet) LOL
But after 4-5 years when they sell ton of real estate they are going to introduce it
I assume sooner than personal income tax.
If I'm not mistaken, under Cyprus non-dom rental income is not taxable.
There are some lawyers here that can clarify your specific scenario.
For UAE Real Estate purchase, we highly encourage our clients to keep the asset under an Offshore Company, mostly used here is RAKICC
There was a leak called "Dubai Uncovered" (feel free to google it), where information about property owners in Dubai was released. If those individuals had the properties under their companies like we suggest and do for our clients, their name would have not appeared in this list.
So, only for privacy reasons.
What would be the price of setting up and maintaining this kind of company?
What would be the price of setting up and maintaining this kind of company?
Oh, Dubai has actually had a property tax since 2011, called Municipality tax or Housing fee. It is 5% of the property's rental value , paid by tenants if rented, or by the owner based on assumed market rent if not rented.And UAE/Dubai doesn't have property taxes (yet) LOL
But after 4-5 years when they sell ton of real estate they are going to introduce it
I assume sooner than personal income tax.
It only applies to foreign nationals though, not to Emiratis.
And I think Abu Dhabi and Sharjah also have Municipality taxes.
Dubai Housing Fee: What You Need to Know
Hit with the Dubai housing fee? Here's a list of FAQ's about the fee that you'll need to budget for on top of your rent.
www.propertyfinder.ae
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