29 lines
1.1 KiB
Python
29 lines
1.1 KiB
Python
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"""UAE regime — true 0% personal income tax with no equivalent levy.
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The UAE has no personal income tax, no capital gains tax, no dividend
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tax, and no inheritance tax for individuals. The 9% federal corporate
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tax (effective 2023) applies only to in-country business profits over
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AED 375k — irrelevant to a passive investor drawing down a foreign
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brokerage account.
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Unlike `NomadTaxRegime`, we do NOT apply a regulatory-risk premium:
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the UAE is a real tax residence with an extensive double-tax-treaty
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network (UK DTT in force; tax-residence certificates issued by the
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FTA). The downside of UAE is high cost of living and visa overhead,
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not tax uncertainty — those costs sit in the spending budget, not
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the tax engine.
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"""
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from __future__ import annotations
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from decimal import Decimal
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from fire_planner.tax.base import TaxBreakdown, TaxInputs, TaxRegime
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class UaeTaxRegime(TaxRegime):
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name = "uae"
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def compute_tax(self, inputs: TaxInputs) -> TaxBreakdown:
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del inputs # 0% on all personal income flows
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return TaxBreakdown(notes=("uae-zero-pit", ), other=Decimal("0"))
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