Issue Corporate Tax in the UAE is regulated by Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Business and its amendments (“Corporate Tax Law”), and its implementing decisions. Cabinet Decision No. 75 of 2023 on the Administrative Penalties for Violations Related to the Application of Federal Decree-Law No. 47 of 2022 […]

Summary A family wealth management structure typically includes the following entities: • a Family Foundation, • a holding company, • a Special Purpose Vehicle (“SPV”), • a SFO or MFO, and • family members. The Corporate Tax treatment of these entities and the family members is considered in turn below, after which four examples of […]

Cabinet Decision No. 81 of 2023 – Issued 18 July 2023 – (Effective from day following publication in the Official Gazette) The Cabinet has decided: – Having reviewed the Constitution, – Pursuant to what was presented by the Minister of Finance and upon the approval of the Cabinet, Article 1 – Definitions Definitions in Federal […]

Amending Certain Provisions of the Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses We Mohamed bin Zayed Al Nahyan President of the United Arab Emirates, – Having reviewed the Constitution, – Federal Law No. 1 of 1972 on the Competencies of Ministries and Powers of the Ministers, and its amendments, […]

Introduction About Corporate Tax What is Corporate tax (CT)? Corporate tax is a form of direct tax levied on the net income or profit of corporations and other entities from their business. Corporate tax is governed by Federal Decree-Law No.60 of 2023 <https://assets.u.ae/api/public/content/fea4b90b977e4903b183f02adda9025c?v=6771e8d3> (PDF, 187 KB) Amending Certain Provisions of the Federal Decree-Law No. 47 […]

Corporate Tax (CT) In January 2022, Ministry of Finance announced that it will introduce federal Corporate tax (CT) on the net profits of businesses. The tax will become applicable either on 1 June 2023 or on 1 January 2024, depending on the financial year followed by the business. CT will be applied across all the […]