Renting and leasing of personal and household goods

ISIC 772 primarily involves transactions with natural persons for personal/household use. Under the UAE Corporate Tax regime, activities conducted with natural persons are categorized as Excluded Activities. Unless the income is derived from a Qualifying Activity (e.g., leasing of aircraft or ships, which fall under different ISIC codes), this activity is subject to the 9% rate if it exceeds the de minimis threshold or if the entity fails to meet the Qualifying Free Zone Person criteria.

Audit Red Flag

Misclassification of B2C (natural person) rental income as B2B to circumvent the Excluded Activity threshold.

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