Business means any activity carried out regularly, on a continuous and independent basis, such as industrial, commercial, professional, and other activities. At the same time, short-term activity may also fall within the scope of corporate tax on the basis that it constitutes a “transaction or activity, or a series of transactions, or a series of activities,” as provided for in the definition. Accordingly, the question of whether an individual is to be recognized as a taxpayer should be considered on a case-by-case basis.
Regardless of the amount of income, the following are not treated as business or entrepreneurial income and are not subject to corporate tax:
Salaries;
Investment income;
Income from real estate investments.
If your activity generates any of the above types of income and you do not carry on any other commercial activity in the UAE, no registration is required.
If your business or commercial activity is subject to corporate tax, you are required to register for corporate tax purposes. This must be done by 31 March 2025.
Please note that registration for VAT and/or excise tax does not exempt a taxpayer from registration for corporate tax. Once registered, the person will be assigned a separate tax registration number for corporate tax purposes.
If, for any reason, you are no longer liable to corporate tax (for example, you have closed your business), you should apply for deregistration; otherwise, you will be liable to pay a penalty.
If you have any questions, you can contact us by email or phone:
info@alpinetax.ru
+7 (495) 025 02 66
