What It Tracks in the UAE
- Bank balances, Fixed Deposits, stocks, funds and ETFs, gold, crypto, bonds and property, valued in AED.
- Savings Plans: End of service benefits, DEWS (Dubai), Workplace savings scheme, GPSSA pension (UAE nationals). Most expatriates build retirement savings themselves; end of service gratuity is the main employer benefit.
- Loans and cards, with a payoff planner that shows which debt to clear first.
- Imports: payslips, bank statements (DMY dates and local shop names understood), invoice lists and broker holdings, read inside your browser.
Personal Income Tax in the UAE
There is no personal income tax on salary, savings or investments in the UAE. A person running a business pays 9% corporate tax on profit above AED 375,000 once business turnover passes AED 1 million in a year.
Self-Employed and Freelancers
- Salary and personal investment income are not taxed.
- Business income: corporate tax of 9% on profit above AED 375,000 applies once turnover from the business passes AED 1 million.
- A freelance permit or trade licence is needed to work for yourself.
- VAT registration is mandatory once taxable supplies pass AED 375,000 a year (voluntary from AED 187,500).
On AED 240,000 of profit, tax and contributions come to about AED 0, so setting aside AED 0 a month keeps you covered.
Key Dates
- 1 January: New calendar year: review your savings and gratuity
- 30 September: Corporate tax return for a calendar-year business (9 months after year end)
If Something Goes Wrong
- Sanadak: The UAE's independent ombudsman for banking and insurance complaints.
- Central Bank of the UAE: Consumer protection and complaints about licensed banks.
- Securities and Commodities Authority: Complaints about brokers and investment firms.