Originally posted by BlasterBates
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Reply to: UAE contract tax accounting
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Previously on "UAE contract tax accounting"
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Originally posted by triwhdxk View Posti have always worked on contract roles in UK through my own limited company (registered in UK) for the past couple of years. I have never worked outside UK.
Currently, I have been nearly offered (not confirmed yet) a contract role in UAE for 6-8 months. So a little bit confused how should I handle this contract if it gets offered. The agency can draw contracts from UK or from UAE.
1) If I work through my UK limited company than my feeling is that I can charge VAT on invoices and pay the normal corporation tax etc. and go around the usual business. Is this correct?
2) Are there any other tax efficient ways of doing this like offshoring etc.
Appreciate your help.
kashif
I wouldn't see any advantage in going through your UK Ltd. But you need to take advice.
Think "I'm a UAE resident" but with the obligation to declare this in the UK. It isn't UK income as such.
Your priority should be making sure you don't break any rules in the UAE not in the UK, which is a "secondary" priority. If you leave the UK entirely then it would only be taxable in the UAE. That means filling out a form, but also making sure you really are non-resident.Last edited by BlasterBates; 6 May 2010, 09:55.
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Originally posted by triwhdxk View Postthanks for the responses. do i have to declare my self non-resident etc while I am providing my serivces through my UK ltd company outside UK.
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thanks for the responses. do i have to declare my self non-resident etc while I am providing my serivces through my UK ltd company outside UK.
does anyone can recommend good tax companies who can help in exploring other tax efficient methods.
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Don't underestimate how much it costs to live in UAE. And beware deals where the client provides the accommodation. A bloke I know very well got the accommodation but it was in an area where all the residents were Bangladeshis, Sri Lankans etc... Not that I have anything against these folks but he was not anywhere near where western expats lived or socialised and it made life very difficult. It is getting a lot more difficult to work tax free now the latest cases brought by HMRC have shown and rates are nothing like as good as they used to be.
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Originally posted by triwhdxk View Posti have always worked on contract roles in UK through my own limited company (registered in UK) for the past couple of years. I have never worked outside UK.
Currently, I have been nearly offered (not confirmed yet) a contract role in UAE for 6-8 months. So a little bit confused how should I handle this contract if it gets offered. The agency can draw contracts from UK or from UAE.
1) If I work through my UK limited company than my feeling is that I can charge VAT on invoices and pay the normal corporation tax etc. and go around the usual business. Is this correct?
2) Are there any other tax efficient ways of doing this like offshoring etc.
Appreciate your help.
kashif
If you are getting expenses - add them to the Invoice and charge VAT on them as well.......
If you are going to be there longer term you might be able to be non-resident (in UK) and not have to pay UK taxes etc...... but you would obviously have to:
a) Invoice/Charge via another Vehicle.
b) Investigate (seek profesional advice) Tax / non-residence / timing / limits etc.
Slightly off topic (but hopefully helpful) be careful about living expenses.... You hear of people getting a "good rate" but having to find their own accomodation (with no idea how much it costs)...... or getting a rate plus "xxxxx" accomodation allowance - where "xxxxx" doesn't equate to a decent place to live.... and even "help" with accomodation - meaning "here are some phone numbers - off you go".
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UAE contract tax accounting
i have always worked on contract roles in UK through my own limited company (registered in UK) for the past couple of years. I have never worked outside UK.
Currently, I have been nearly offered (not confirmed yet) a contract role in UAE for 6-8 months. So a little bit confused how should I handle this contract if it gets offered. The agency can draw contracts from UK or from UAE.
1) If I work through my UK limited company than my feeling is that I can charge VAT on invoices and pay the normal corporation tax etc. and go around the usual business. Is this correct?
2) Are there any other tax efficient ways of doing this like offshoring etc.
Appreciate your help.
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