A natural person who is a Non-Resident Person will meet the requirements to be subject to Corporate Tax when they have a Permanent Establishment in the UAE and, in the Gregorian calendar year, they exceed the AED 1 million Turnover threshold derived from the Permanent Establishment. The first...
The big concern of OPEC and Russia was thatcrude oil prices were too low to provide adequate tax revenue for the governments of these countries. This is especially an issue for countries with few other industries besides oil. These oil exporting countries tend to have large popul...