Any natural person (i.e. individual) who wants to understand:
- When are natural persons subject to UAE Corporate Tax?
- Which incomes of natural persons are subject to Corporate Tax?
- What is the Corporate Tax rate for natural persons?
- What is the Tax Period under Corporate Tax Law for natural persons?
- When are natural persons required to register for Corporate Tax purposes?
- What are the other compliance requirements for natural persons under the Corporate Tax Law?
Natural Persons are considered to be Taxable Persons under the Corporate Tax Law to the extent:
- they are conducting a Business or Business Activity in the UAE, or
- have a Permanent Establishment, or
- derive State Sourced Income (i.e. income that is accrued in, or derived from, the UAE).
However, a natural person is subject to Corporate Tax on their Business or Business Activities only where the total Turnover derived from their Business or Business Activities conducted in the UAE exceeds AED 1 million within a Gregorian calendar year that begins on or after ...