Corporate Tax Free Zone: Understanding De Minimis Requirements for FZ Persons
The de minimis requirements are essential for the Free Zone Persons, who are seeking to keep the qualifying status to run their business without paying corporate tax. These requirements are necessary to ensure that the only income that gets this tax treatment is that income that is received within the scope of the intended rules. This blog will expand on these details, providing an overview of how these requirements function, what revenue is included, and role of corporate tax consultant freezone in meeting those guidelines. 1. De Minimis Requirements Where a Free Zone Person makes income outside the defined rules…