Will income earned by an individual from employment or bank deposits be subject to UAE Corporate Tax?
Will income earned by an individual from employment or bank deposits be subject to UAE Corporate Tax?
UAE Corporate Tax does not apply to the salary and wages earned by employees under an employment contract, including all allowances and bonuses. Income from bank deposits, as well as other Personal Investment and savings income earned by an individual in their personal capacity, will not be subject to UAE Corporate Tax.
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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?
