Hello everyone,
Does anyone know how it works for crypto traders generating over 1M AED in annual revenue? Are they required to register for individual corporate tax?
From what I understand, crypto investments in the UAE are classified as "speculative" and are therefore not tax-exempt, unlike salary, personal investments, or real estate income. If someone earns over 1M AED in revenue from crypto trading, would this be considered a commercial activity that needs to be registered and taxed? Or is this understanding incorrect?
Asked both lawyers and both have a different opinion.
@DigiLeakBot