Which countries do not tax rental income from AirBNB or similar outfit!

[Mister Sir]

Which countries do not tax rental income from AirBNB or similar outfit!

It would be more of a plus if there's no property tax, transfer tax or stamp duty.

I can add more criteria but i won't for now for simplicity reasons!!!!

 

[Martin Everson]

Mister Sir said:
Which countries do not tax rental income from AirBNB or similar outfit!
Click to expand...

Cayman Islands
Monaco (1% rental tax tenant pays however)

Mister Sir said:
It would be more of a plus if there's no property tax, transfer tax or stamp duty.
Click to expand...

No annual property taxes either but stamp duty etc applies.

P.S Would be interested in knowing about other countries also.

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[JohnnyDoe]

It's full of people in the Bahamas who have their properties on AirBnB and are not paying any taxes.

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[cryptofriendly]

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%.

https://www.globalpropertyguide.com/taxes-on-rentshttps://www.globalpropertyguide.com/transaction-costs

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%​

 

[myhand]

Interesting there are almost no countries with 0% tax on such income!

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[Mister Sir]

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 🙁....

 

[Martin Everson]

Mister Sir said:
I don't see the bahamas anywhere on that list though?????? Possibly an incomplete list
Click to expand...

Bahamas has property taxes.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[JimBeam]

Martin Everson said:
Bahamas has property taxes.
Click to expand...

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.

 

[blancmon229]

Mister Sir said:
Which countries do not tax rental income from AirBNB or similar outfit!

It would be more of a plus if there's no property tax, transfer tax or stamp duty.

I can add more criteria but i won't for now for simplicity reasons!!!!
Click to expand...

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.

 

[Ancova]

For UAE Real Estate purchase, we highly encourage our clients to keep the asset under an Offshore Company, mostly used here is RAKICC

 

[JimBeam]

Ancova said:
For UAE Real Estate purchase, we highly encourage our clients to keep the asset under an Offshore Company, mostly used here is RAKICC
Click to expand...

Can you elaborate this a bit?
Thx

 

[Ancova]

JimBeam said:
Can you elaborate this a bit?
Thx
Click to expand...

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.

 

[JimBeam]

So, only for privacy reasons.
What would be the price of setting up and maintaining this kind of company?

 

[Ancova]

JimBeam said:
So, only for privacy reasons.
What would be the price of setting up and maintaining this kind of company?
Click to expand...

Incorporation is around USD 4,700
Bank Account opening USD 800

 

[the Hart]

Not income tax though

 

[Cloudbanck]

JimBeam said:
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.
Click to expand...

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.

It only applies to foreign nationals though, not to Emiratis.

And I think Abu Dhabi and Sharjah also have Municipality taxes.

https://www.propertyfinder.ae/blog/dubai-housing-fee/