What are the incomes exempted from the UAE Corporate Tax?
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.
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Related Content for UAE Corporate Tax
Are Free Zone companies in UAE liable to Corporate Tax ?
Free Zone has distinct taxation system based on Qualifying Income and Excluded Income. It is therefore essential to know the kind of income taxable under UAE Corporate Tax Law for Free Zone companies.
Can you Split up your Business to claim Small Business Relief in the UAE?
If your business exceeds the Revenue Threshold limit for Small Business Relief, can you split up your business to claim Small Business Relief as per UAE Corporate Tax Law or will it constitute a Tax Crime punishable under the UAE Tax Procedures Law?
Who is a Taxable Person under UAE Corporate Tax Laws?
Are you a Taxable Person liable for Corporate Tax under the UAE Corporate Tax Law? Can an Exempt Person be considered as a Taxable Person?
