1. Corporate Tax shall be imposed on a Taxable Person at the rates determined under this Decree-Law. 2. For the purposes of this Decree-Law, a Taxable Person shall be either a Resident Person or a Non-Resident Person. 3. A Resident Person is any of the following Persons: a. A juridical person that is incorporated, established or otherwise recognized under the applicable legislation of the State, including a Free Zone Person. b. A juridical person that is incorporated, established or otherwise recognized under the applicable legislation of a foreign jurisdiction and is effectively managed and controlled in the State. c. A natural person who conducts a Business or Business Activity in the State. d. Any other Person as may be determined in a resolution issued by the Cabinet at the suggestion of the Minister. 4. A Non-Resident Person is a Person who is not considered a Resident Person under Clause (3) of this Article and that: a. Has a Permanent Establishment in the State as under Article (14) of this Decree-Law; b. Derives State Sourced Income as under Article (13) of this Decree-Law; or c. Has a nexus in the State as specified in a resolution issued by the Cabinet at the suggestion of the Minister. 5. A branch in the State of a Person referred to in Clause (3) of this Article, shall be treated as one and the same Taxable Person. 6. The Cabinet shall, upon a suggestion of the Minister and in coordination with the relevant competent authorities, issue a decision specifying the categories of Business or Business Activity conducted by a resident or non-resident natural person that are subject to Corporate Tax under this Decree-Law.
Interpretation and application must be checked against the official text and current version.