Key features of the UAE Corporate Tax Law has been saved
Key features of the UAE Corporate Tax Law
12 December 2022 - On 9 December 2022, the United Arab Emirates (UAE) issued Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (hereinafter referred to as the CT Law). The Ministry of Finance (MoF) has also updated the Frequently Asked Questions (FAQs) which can be found here.
The CT Law is the legislative basis for the introduction and implementation of a federal corporate tax (CT) regime which is applicable on business profits from financial years starting on or after 1 June 2023. The release follows the announcement made by the MoF in January 2022 around implementing a CT regime.
The key features of the UAE CT Law have been summarised by the order of the Chapters in the attached document.