How can you determine if a juridical person is engaged in a “Business” covered by UAE Corporate Tax? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Unless specifically exempted, all activities conducted by a juridical person are considered “Business Activities” and fall within the scope of UAE Corporate Tax. A … Read more

What does having a “separate legal personality” entail? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Having a “separate legal personality” means that the entity possesses its own set of rights, obligations, and liabilities. Consequently, the owners of the juridical person typically have limited liability concerning the entity’s debts and … Read more

Can an individual choose to apply for Small Business Relief? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Yes, an individual subject to Corporate Tax may opt for the application of Small Business Relief, provided they meet the conditions outlined in Ministerial Decision No. 73 of 2023. Contact us for … Read more

If an individual owns several commercial properties in their name, generating rental income above AED 1 million, will this activity still be exempt from Corporate Tax? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course This activity will be exempt from Corporate Tax provided it is not conducted or required to … Read more

Define:-a) Personal Investment income? b) Real Estate Investment income. Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Personal Investment income is income earned by an individual from investment activities conducted personally, including interest or dividends. This excludes income from a commercial business or activity conducted, or required to be conducted, … Read more

Will income earned by an individual from employment or bank deposits be subject to UAE Corporate Tax? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course UAE Corporate Tax does not apply to the salary and wages earned by employees under an employment contract, including all allowances and bonuses.      … Read more

What happens if an individual engages in multiple Businesses or conducts multiple Business Activities? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course In cases where one individual conducts multiple Businesses or Business Activities, the combined turnover of all these activities will be considered when determining whether it exceeds the AED … Read more

Will individuals be subject to UAE Corporate Tax on income earned from business activities outside the UAE? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course The Taxable Income of an individual includes all income derived from the Business or Business Activity they conduct in the UAE. This encompasses income earned … Read more

Does the citizenship or visa status of an individual affect their tax status? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course No, the Corporate Tax Law applies to individuals who earn an annual turnover exceeding AED 1 million, regardless of their citizenship or visa status Contact us for UAE Corporate … Read more

What qualifies as a ‘Business or Business Activity’ for an individual subject to taxation? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course An individual will be liable for UAE Corporate Tax when engaged in any Business or Business Activity that generates an annual turnover exceeding AED 1 million. This excludes … Read more