A few more analyzes came out : "They further said individuals will still not be subject to tax on their incomes from employment, real estate, equity investments or other personal income unrelated to a UAE trade or business. The tax also won’t be applied to foreign investors who don’t conduct business in the country."
" Individuals are considered ‘resident’ only if he or she conducts business activities in the UAE. A Cabinet Decision will be subsequently issued for specifying the ‘business activities’ in this regard."
We are at the few months of the introduction but still do not know if trading regularly your own assets (actively) is within the scope of the CT, does a lawyer has a better idea ?
Corporate tax set to modernise UAE's economic ecosystem
Ministry of Finance holds second session of corporate tax public awareness programme in Dubai
www.zawya.com
" Individuals are considered ‘resident’ only if he or she conducts business activities in the UAE. A Cabinet Decision will be subsequently issued for specifying the ‘business activities’ in this regard."
Thomas Vanhee توماس فانهي on LinkedIn: #tax #taxes #fta #mof #uae #dubai #abudhabi #sharjah #accounting #business…
The Ministry of Finance (MoF) of the United Arab Emirates (UAE) conducted the Second Corporate Tax Public Awareness Session (Session) in Dubai today…
www.linkedin.com
We are at the few months of the introduction but still do not know if trading regularly your own assets (actively) is within the scope of the CT, does a lawyer has a better idea ?