UAE Lottery ‘Lucky Day’ Results: First AED 30 Million Grand Prize Winner Crowned – Who Is He, How Much Exactly In-Hand Will He Get, Tax Deductions – All Details Here!

The UAE Lottery has been in the news following its announcement of its first ever AED 30 million “Lucky Day” Grand Prize winner. News of the life-changing jackpots have rattled across the UAE, prompting many on the island to look into the details of who won, how the jackpots would be distributed, and if there would be any taxes taken from the win.

The historic award is for a 26-year-old Nepalese expatriate, Tayab Khan, who is now a millionaire after somehow climbing from a position of being a security guard to a spot in history. His story is just one of numerous examples of how a little luck in hitting the winning numbers on a lottery ticket can make a huge difference in people’s lives.

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Who Is UAE Lottery Winner Tayab Khan?

Tayab Khan’s family moved to the UAE four years ago to help him find better opportunities in his job. He was like many expatriates – he worked incredibly hard to support himself and his family as a Corporate Security Guard in Ruwais Industrial Area of Abu Dhabi.

Interestingly, Tayab was on duty during the holdall of the draw of both of Eid Al Adha and he did not watch the broadcast. He then started to check his email on his mobile phone and discovered that he had been part of the UAE Lottery’s biggest winning story, around 10:30 PM.

AED 30 Million Jackpot Was Shared Among Five Friends

Tayab won the prize on his name on the winning ticket but did not buy just his ticket. He was regular in the drawing with four close friends and each one of them used AED 50 per drawing for the lottery.

Even the friends had started a group in WhatsApp that they named ‘Future Millionaires’ to arrange their entries. After the remarkable triumph the team is said to have renamed the chat “just ‘Millionaires'”, thus making their dream come true.

How Much Exactly Will Each Winner Receive?

The Winner (all five members of the syndicate) will receive the AED 30 million grand prize equally.

• Total Grand Prize: AED 30,000,000
• Number of Winners: 5
• Individual Share: AED 6,000,000

The money will thus be distributed equally among the four friends, and each one will get AED 6 million.

Are There Any Tax Deductions?

Perhaps one of the largest issues regarding the jackpot will be whether the winners will be asked to pay taxes for their winnings.

This is an easy answer since there are absolutely no deductions available in the UAE. A lottery isn’t subject to income tax or windfall tax in the country so that a true lotterer will receive 100% of their prize money.

So, the UAE authorities will pay the full AED 6 Million, for Tayab Khan and his friends.

Take home Money after Taxes

The UAE lottery is not taxed on winnings, but any money won could be affected by the winnings tax in the winner’s home country.

Remittance rules, foreign asset declarations, etc., may also be applicable depending on laws of the country of the recipient. Winners will be encouraged to seek financial and tax advice prior to transferring large amounts of money overseas.

Why Is This Win Inspiring Thousands?

Tayab Khan’s win is now a lottery success story. It’s analogous to the aspirations of numerous expatriates who work throughout the UAE and want to build a better future for themselves and their families.

Whether he’s working odd hours as a security guard or turning into an instant millionaire, his story showcases the life changing opportunities that are still available to the Emirates lotteries.

FAQs

What was the UAE Lottery AED 30 million lucky day winner’s name?

The winner is the 26-year-old Nepalese security guard in Abu Dhabi, Tayab Khan.

How much money will be in Tayab Khan’s wallet?

With the winning ticket splitting among five winning groups, Tayab Khan has received AED 6 million for the jackpot of AED 30 million.

Does the UAE Lottery’s prize need to be paid as tax?

No. Lottery winners in the UAE will receive 100% of the prize amount since there is no income tax or windfall tax in the country.

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