Assumptions of Corporate Tax in UAE

Horizonbizconsultanc23 Jun, 2022Other

The proposed CIT regime is expected to apply to all businesses activity in the UAE, except for the extraction of natural resources, which is already subject to taxation at an Emirate level and will may be remain. The CIT regime will also apply to individuals to the limit they hold a business licence or permit to carry out commercial, industrial and professional activity in the UAE. It?s includes income earned by freelance professionals for activity carried out under a freelance licence or permit.