Vidhu Duggal & Co....
𝐔𝐀𝐄 π‚π¨π«π©π¨π«πšπ­πž π“πšπ± π’πžπ«π’πžπ¬

07 May, 2024

By Vidhu

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𝐔𝐀𝐄 π‚π¨π«π©π¨π«πšπ­πž π“πšπ± π’πžπ«π’πžπ¬

πŸ” 𝑼𝒏𝒅𝒆𝒓 π’•π’‰π’Šπ’” π’”π’†π’“π’Šπ’†π’”, π’˜π’† 𝒂𝒓𝒆 π’ˆπ’π’Šπ’π’ˆ 𝒕𝒐 𝒄𝒐𝒗𝒆𝒓 𝒕𝒉𝒆 π’‚π’‘π’‘π’π’Šπ’„π’‚π’ƒπ’Šπ’π’Šπ’•π’š & π’•π’‚π’™π’‚π’ƒπ’Šπ’π’Šπ’•π’š 𝒖𝒏𝒅𝒆𝒓 𝑼𝑨𝑬 π‘ͺ𝒐𝒓𝒑𝒐𝒓𝒂𝒕𝒆 𝑻𝒂𝒙.

πŸ“Œ 𝐖𝐑𝐨 𝐚π₯π₯ 𝐚𝐫𝐞 π₯π’πšπ›π₯𝐞 𝐟𝐨𝐫 𝐔𝐀𝐄 π‚π¨π«π©π¨π«πšπ­πž π“πšπ±:

𝑨 π’“π’†π’”π’Šπ’…π’†π’π’• 𝒑𝒆𝒓𝒔𝒐𝒏, π’˜π’‰π’ 𝒄𝒂𝒏 𝒃𝒆 𝒂:

πŸ”˜ Legal person incorporated or otherwise established in the UAE, including a free zone person.

πŸ”˜ Foreign Entities effectively managed & controlled in the UAE.

πŸ”˜ Natural person who conducts business activities in the UAE.

A Non-resident person, who is not a resident person, and it either:

πŸ”˜Has a PE in the UAE.

πŸ”˜ Derives UAE-Sourced income that is not attributable to a PE.

πŸ”˜ Has a nexus in the UAE.

πŸ“ˆ It shows that almost all entities are required to be registered under Corporate Tax irrespective of the threshold of tax payment requirement, other than some exempt persons which shall be covered in the next post.

Stay tuned.