When does Corporate Tax Law apply to natural persons?
A natural person refers to a living human person of any age, whether resident in the UAE or elsewhere. For minors or incapacitated individuals, the Corporate Tax obligations shall be fulfilled by their Legal Representative.
A natural person is subject to Corporate Tax on their Business or Business Activity only where the total Turnover derived from Business or Business Activities conducted in the UAE exceeds AED 1 million within a Gregorian calendar year
The following are excluded :Wage,Personal Investment income, and Real Estate Investment income.
When a natural person resides in the UAE and they conduct Business or Business Activities in the UAE, they are considered to be a Resident Person for Corporate Tax purposes
When a natural person resides outside the UAE – for instance, having their home in another country – they become a Resident Person for Corporate Tax purposes if they conduct Business or Business Activity in the UAE