The Forex Expo is a strategic platform for Naqdi to connect with industry leaders, traders of all levels, partners from both IB and Institutional domains and investors
kt network10 hours ago
The US missions in UAE have asked American nationals in the Emirates to file their federal income taxes by April 18.
A statement posted on the US Embassy and Consulate website in the UAE said American nationals' worldwide income is subject to US income regardless of where they reside and they are required to pay estimated taxes similar to those living in the US.
Currently, many American citizens live and work in the UAE, but they don't rank among the top nine in terms of expat population.
"The US Embassy would like to remind US citizens that they are required to file their federal income taxes with the Internal Revenue Service (IRS) by April 18, 2022. If you are a US citizen or resident alien living or travelling outside the United States, you generally are required to file income tax returns, estate tax returns, and gift tax returns, and pay estimated tax in the same way as those residing in the United States," the missions said in a statement on the website.
"Your worldwide income is subject to US income tax, regardless of where you reside," said the statement.
ALSO READ:
The UAE was the top export destination for the US in the Middle East and North Africa (Mena) region for the 13th year in a row in 2021, according to data released by the Census Bureau's Foreign Trade Division at the US Department of Commerce.
Bilateral trade between the US and the UAE reached $23.03 billion with the US enjoying $11.13 billion trade surplus. The US exports to UAE reached a total of just over $17 billion in 2021, an increase of 16 per cent, while UAE exports to the US grew 95 per cent to $5.95 billion last year.
- waheedabbas@khaleejtimes.com
The Forex Expo is a strategic platform for Naqdi to connect with industry leaders, traders of all levels, partners from both IB and Institutional domains and investors
kt network10 hours ago
This time, registrants will be able to win a chance to bring two guests to Dubai with Emirates flights and hotel accommodation
uae10 hours ago
More than 10,000 people have died in a decades-long insurgency waged by the Naxalite movement in India's resource-rich tribal heartlands
asia10 hours ago
President Emmanuel Macron should have appointed a prime minister from their ranks, said the left-wing lawmakers
europe10 hours ago
Educational institutions in the country have stressed that they implement strict policies and conduct stringent background checks to avoid such situations
education10 hours ago
The bombing has killed more than 1,110 people and displaced up to one million in Lebanon, according to official figures
mena11 hours ago
Updated rules have been issued for these commuters as experts call for safer batteries to avoid the risk of spontaneous combustion on trains
uae11 hours ago
Both parties also confirmed their shared commitment to improving cooperation in artificial intelligence, especially after the President's recent historic visit to the US
uae11 hours ago