UAE Corporate Tax is not applied to the following income:

• Dividends and other profit distributions from legal entities formed or based in the UAE;
• Dividends and other profit distributions derived from a Participating Interest in a foreign company;
• Other income from a domestic or foreign Participating Interest, such as capital gains, foreign currency gains or losses, and impairment gains or losses;
• Earnings from a foreign branch or permanent establishment for whom the FForeign Permanent Establishment” exemption has been elected;
• Whenever certain requirements are satisfied, income received by non-residents from operating or leasing ships or aircraft for overseas travel.