List of Qualified Activities Under Qualified Income Person For 0% Corporate Tax
The 0% Corporate Tax section is applicable to Free Zone people who derive their income from transactions made with the other Free Zone or non-Free Zone individuals, provided that the source of income is not in the list of 'excluded activities which is provided from the UAE Governing Authority. Anyone who is paying no corporate tax can claim qualified income for the same which is known as the qualified income person (QIP). The QIPs must satisfy certain requirements to be eligible to bypass the UAE corporate tax requirement. The first step is corporate tax registration, a complete guide is provided…