FTA issues guide outlining criteria to determine natural persons subject to corporate tax

FTA issues guide outlining criteria to determine natural persons subject to corporate tax

ABU DHABI/ WAM The Federal Tax Authority (FTA) has issued a new guide outlining the criteria to determine natural persons subject to the Corporate Tax Law, that came into effect on 1st June 2023. The guide provides a comprehensive and simplified explanation and instructions for natural persons realising income in the UAE, enabling them to ...

ABU DHABI/ WAM

The Federal Tax Authority (FTA) has issued a new guide outlining the criteria to determine natural persons subject to the Corporate Tax Law, that came into effect on 1st June 2023.

The guide provides a comprehensive and simplified explanation and instructions for natural persons realising income in the UAE, enabling them to determine whether they are subject to Corporate Tax.

The FTA urged all concerned natural persons (individuals) realising income in the UAE, or conducting business – wholly or partly – in the UAE, to refer to the new guide, to familiarise themselves with the Corporate Tax Law, implementing decisions, and other relevant materials available on the FTA’s website.

The FTA emphasised the importance of reading the guide in its entirety to gain a clear understanding of its comprehensive content and definitions outlined in the guide. The guide includes a range of practical examples that explain