Yemen capital gains tax: none, real estate pays a transfer tax

No. Law No. 17 of 2010 taxes a resident individual on commercial and industrial profits, non-commercial professions and salaries and wages. A gain on selling your shares, fund units, crypto or home is in none of those categories, so it is not taxed, however long you held the asset and however large the gain. Article 21(f) also exempts the proceeds individuals receive from their shares and quotas.

A change-of-ownership tax of 1% of the total value or price of the property, under Articles 56 and 70. It applies to land, buildings and land prepared for construction, and it is owed whether you sell at a gain or a loss. The seller is liable and the buyer is jointly liable, the transfer is not registered until it is paid, and the seller files within four months of the sale.

Article 61 exempts transfers by inheritance or will, grants to religious, charitable or educational institutions, grants to health or sport facilities, disposals of public endowment land, sales of agricultural land whose purchase deed is documented with the authorities, and transfers of State land to fully State-owned bodies.

When a business makes it. Article 9(f) treats capital profits on selling an establishment, its assets, shares or quotas as commercial and industrial profits, and Article 9 covers people who buy and sell property or securities as a business. Residents pay on the Article 62 scale and non-residents pay a flat 20% with no exemption.

Residents pay nothing on the first YER 120,000 a year, 10% on the next YER 120,000, 15% on the next YER 600,000 and 20% above YER 840,000. Payroll is capped at 15% and assessed monthly at one twelfth of the scale. The tax year is the calendar year and returns are due by 30 April.

The general sales tax is 5% of the sale value of goods and services, and businesses register once taxable sales reach YER 50 million a year. Registered businesses file monthly within 21 days of month end.

Yemen has no capital gains tax on an individual's private sale of shares, funds, crypto or other movable assets. Law No. (17) of 2010 on income tax taxes a resident individual on commercial and industrial profits, non-commercial professions and salaries and wages (Article 62), and the capital profits of Article 9(f), on the sale of an establishment, its assets, shares or quotas, belong to commercial and industrial profits earned in a business. Article 21(f) exempts the proceeds natural persons receive from their bank and savings deposits and from their shares and quotas in legal entities, and Article 21(e) exempts interest on treasury bonds paid to resident individuals. Source: https://s3.amazonaws.com/rgi-documents/c308865fb429ad0ff74eb5bbe1b213d823a156c4.pdf

Selling real estate carries the change-of-ownership tax, a transaction charge and not a gains tax. Article 56 assesses the tax on the whole value realised from disposing of or transferring vacant land, constructed real estate or land prepared for construction, and Article 70 sets the rate at 1% of the total value or price of the property. It is owed whether the sale makes a gain or a loss. Source: https://s3.amazonaws.com/rgi-documents/c308865fb429ad0ff74eb5bbe1b213d823a156c4.pdf

The seller is liable for the change-of-ownership tax and the buyer is jointly liable (Article 57); the transfer is not documented or registered until the tax is paid (Article 57(b)), and the seller files the declaration and settles the tax within four months of the sale (Articles 104 and 105). Source: https://s3.amazonaws.com/rgi-documents/c308865fb429ad0ff74eb5bbe1b213d823a156c4.pdf

Article 61 exempts transfers by inheritance or will, grants to religious, charitable or educational institutions, grants to health or sport facilities, disposals of public endowment land, sales of agricultural land whose purchase deed is documented with the competent authorities, and transfers of State land to fully State-owned bodies. Source: https://s3.amazonaws.com/rgi-documents/c308865fb429ad0ff74eb5bbe1b213d823a156c4.pdf

A person who buys and sells property or securities as a business is taxed on the profit at the commercial and industrial rate: Article 9 covers persons who buy movable and immovable assets to resell them for profit and those who build or buy real estate for sale as a profession. Non-resident individuals and legal persons pay a flat 20% on commercial and industrial income without the exemption limit (Article 63). Source: https://s3.amazonaws.com/rgi-documents/c308865fb429ad0ff74eb5bbe1b213d823a156c4.pdf

2026: Law No. (17) of 2010 (tax year 1 January to 31 December, Article 7) is the income-tax law in force for the whole year, and the 1% change-of-ownership rate of Article 70 is unchanged. Source: https://s3.amazonaws.com/rgi-documents/c308865fb429ad0ff74eb5bbe1b213d823a156c4.pdf