Dubai Tax Free J0b - but wouldn't I have to pay ATO Tax?

[Ausprop]

I'm glad I'm a Hong Kong citizen and can stay there for as long as I want. Can't wait to leave this tax hell (ie opposite of tax haven).

it aint that bad. look at the UK with a 20% gst

 

[Deltaberry]

Last I read, the UK was one of those sinking countries.

 

[MellyBelly]

Hi

I work in IT and have been offered a job in Dubai.

Has anyone worked there recently - could you give me an idea what Dubai is like?

.

Hi,
We recently arrived from Dubai after spending over 15 years there. ok place provided you're being paid very well. Be very careful choosing your employer - non payment of salaries is not unknown especially if you'r working for a small company or in the construction industry. If you want to bounce some names off mt then I'd be happy to offer some advice.

 

[DoobyNuts]

remember that any income not declared (and tax paid upon) in Australia can't be used to calculate serviceability here, either.

so heading overseas on $250k a year as a non-resident means no bank will look at your last $500k income across 2 years as a "private contractor".

pay the tax here though through your still-current ABN, and it's all good.

same goes for income quarantined overseas as part of international tax agreements - like CF+ USA property .... quarantined = quarantined, basically if you don't pay tax on it, you can't claim the serviceability.

i wonder if that's a cartel system via the RBA and ATO? i wonder.

I worked in Dubai for 2 years as a private contractor on $150k. After moving back to Australia within 3 months I obtained a standard IP $300k loan with ANZ despite have 0 income on my tax return for the previous 2 years. Just showed them 6 months work of Dubai payslips and 3 months payslips of Aussie job plus 10% deposit. It can be done!

 

[Aaron_C]

Banks can take into account overseas income but some countries are on the exclusion list (like Malaysia)