| Country | UAE |
| Tax | Corporate Tax |
Question – Whether employment and other income earned by individuals are liable to tax in UAE ?
Answer – Individuals who carry out business activities and earn income under a commercial license will be liable to pay CT. However, following income will not be subjected to tax under the proposed CT law : –
- Income from employment,
- Interest and other income from bank deposits or savings
- Capital gains and dividends on shares or other securities
Further, investment in real estate by individual in their personal capacity, will also be exempt from CT, where the individual is not required to obtain commercial license or permit to carry out such activity in the UAE.
Related Questions –
- What is UAE Corporate Tax
- Who are covered under Corporate Tax in UAE
- From when would the UAE corporate tax be applicable ?
- What would be the business profits/tax base in the UAE on which Corporate Tax would be applicable ?
- What is the meaning of financial year starting on or after 01.06.2023 in UAE?
- What are the corporate tax rates in Dubai ?
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- What is the treatment of tax losses in UAE?
- Is there any relief from Double Taxation in UAE?
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- What are the withholding tax rates (WHT) in UAE?
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