The UAE Federal Tax Authority issued a Basic Tax Information Bulletin clarifying the circumstances under which natural persons may be liable to the newly introduced corporate tax. Natural persons are considered as taxable persons for the purposes of the Corporate Tax Law if they: Conduct a business or business activity in the UAE; Have a permanent establishment in the UAE; or Derive income accrued in or derived from the UAE. Natural persons meeting one of the above tests become liable to corporate tax only where their total annual turnover exceeds AED 1 million. Natural persons not meeting the turnover threshold...