Radar Telegram alerts Open Radar

The tax service began to check transactions of Russians with real estate in Dubai The Russian Federal Tax Service began sending inquiries to Russians regarding real estate transactions in the United Arab Emirates, mainly in Dubai. RBC writes about this with reference to lawyers and tax advisors. The applications relate to transactions completed since 2023. According to experts, the Federal Tax Service already has extensive information on real estate transactions. Lawyers reported dozens of requests. However, protests are still not common. "This is an unprecedented case for a Russian tax practice of mass receipt and use of specific information about real estate transactions of Russian residents," said NSV Consulting lawyer German Kobshnikov. The Federal Tax Service has confirmed that it controls the payment of taxes on foreign income. The agency explained that it receives information through various mechanisms for international information exchange, as well as from law enforcement authorities. At the same time, automatic exchange of data on income from rental and sale of real estate with the UAE is currently not provided. In the past, the Russian tax authorities have already begun to more actively check the owners of bank and brokerage accounts in the United Arab Emirates. Now the attention of the Federal Tax Service has expanded to real estate transactions.

תרגם לעברית

SOTA · · Source

🇦🇪 UAE · דובאי · Map

The tax service began to check transactions of Russians with real estate in Dubai The Russian Federal Tax Service began sending inquiries to Russians regarding real estate transactions in the United Arab Emirates, mainly in Dubai. RBC writes about this with reference to lawyers and tax advisors. The applications relate to transactions completed since 2023. According to experts, the Federal Tax Service already has extensive information on real estate transactions. Lawyers reported dozens of requests. However, protests are still not common. "This is an unprecedented case for a Russian tax practice of mass receipt and use of specific information about real estate transactions of Russian residents," said NSV Consulting lawyer German Kobshnikov. The Federal Tax Service has confirmed that it controls the payment of taxes on foreign income. The agency explained that it receives information through various mechanisms for international information exchange, as well as from law enforcement authorities. At the same time, automatic exchange of data on income from rental and sale of real estate with the UAE is currently not provided. In the past, the Russian tax authorities have already begun to more actively check the owners of bank and brokerage accounts in the United Arab Emirates. Now the attention of the Federal Tax Service has expanded to real estate transactions.

More on Radar

Want to see every report in real time?

Hundreds of sources worldwide, translated into your language, with alerts for what matters to you.

Sign up free
Share on WhatsApp Get alerts on Telegram