Taxability of Natural Persons in UAE
There is a lot of buzz in businesses and industries in UAE with the introduction of Corporate Tax Law (‘CT Law’) in the country. The CT Law when introduced, had prima facie cleared the buzz on the applicability of the Corporate Tax provisions for Natural Persons wherein it was clarified that CT Law will be applicable to natural persons only if they conduct business or business activities in the UAE and the gross turnover from such activities conducted in UAE exceed AED 1 million in a calendar year.
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