Resident Natural Person and Corporate Tax
The Taxable Income of a Resident Person, which is a natural person, is the income derived from the State or from outside the State insofar as it relates to the Business or Business Activity conducted by the natural person in the State as set out in Clause 6 of Article 11 of the Corporate Tax Decree-Law.
Who is a Resident Natural Person ?
A resident natural person is a natural person who conducts a Business or Business Activity in the State (UAE).
What is Business ?
Business : Any activity conducted regularly, on an ongoing and independent basis by any Person and in any location, such as industrial, commercial, agricultural, vocational, professional, service or excavation activities or any other activity related to the use of tangible or intangible properties.
What is Business Activity ?
Any transaction or activity, or series of transactions or series of activities conducted by a Person in the course of its Business.
Text of the Clause 6 of Article 11 of the Corporate Tax Decree-Law
"The Cabinet shall, upon a suggestion of the Minister and in coordination with the relevant competent authorities, issue a decision specifying the categories of Business or Business Activity conducted by a resident or non-resident natural person that are subject to Corporate Tax under this Decree-Law."
