What qualifies as a ‘Business or Business Activity’ for an individual subject to taxation?
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 income generated by an individual from the following sources, which are not considered as Businesses or Business Activities:
- Income from employment,
- Personal Investment income,
- Real Estate Investment income.
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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?
