Active Non-Financial Entity
The criteria for classifying entities as Active Non-Financial Entities (NFEs):
- Active NFE:
- The entity qualifies as an active NFE if, during the last year:
- More than (or equal to) 50% of the entity’s gross income consisted of Active Income.
- Less than 50% of the assets held by the entity were used to produce Passive Income.
- The entity qualifies as an active NFE if, during the last year: