UAE Cabinet Decision No. (49) of 2023 dated 8 May 2023 (effective 1 June 2023) states that for the purposes of Clause 6 of Article 11 of the Corporate Tax (CT) Law, Businesses or Business Activities conducted by a resident or non-resident natural person shall be subject to CT only where the total Turnover exceeds AED 1,000,000 for a calendar year. Importantly, the Decision also states that activities of resident or non-resident natural persons that result in Turnover from Wage, Personal Investment Income or Real Estate Investment Income shall not be considered Businesses or Business Activities that are subject to the CT Law. Therefore, such natural persons shall not be required to register for CT assuming they do not conduct any other Businesses or Business Activities that are subject to CT.
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