Who can elect for the Relief? What are the conditions? What is the Relief? Who cannot elect for the Relief? A Qualifying Free Zone PersonA member of a multinational group with consolidated group revenue of more than AED 3.15 billion Example: Revenue in previous Tax Periods Mr. Y operates a Business in Sharjah. He is a…
Natural persons in the UAE become liable to Corporate Tax if their total turnover from business activities exceeds AED 1 million in a Gregorian calendar year. Corporate tax rates for natural persons are 0% on taxable income up to AED 375,000 and 9% on taxable income exceeding AED 375,000. Under Federal Decree- Law No. 47…
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