Who is eligible to claim Small Business Relief for UAE Corporate Tax purposes?
For Tax Periods ending on or before December 31, 2026, UAE Resident Persons meeting the following criteria and having Revenue of AED 3 million or less in the current and previous Tax Periods can claim Small Business Relief:
- A natural person.
- A legal entity that is neither: – A Constituent Company of a Multinational Enterprise Group, as defined in Cabinet Decision No. 44 of 2020, operating in multiple countries with a total consolidated group revenue exceeding AED 3.15 billion in each financial period. – A Qualifying Free Zone Person.
If an eligible Taxable Person’s Revenue exceeds AED 3 million in any Tax Period, they will no longer be eligible for Small Business Relief for that Tax Period and future Tax Periods.
CONTACT US FOR TAX CONSULTANCY
Master UAE Corporate Tax: Explore our course!
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?