The Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses issued
The Corporate Tax Law provides the legislative basis for the introduction and implementation of a Federal Corporate Tax in the UAE and is effective for financial years starting on or after 1 June 2023.
Corporate Tax is the tax imposed by provisions of the Corporate Tax Decree-Law on;
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What is Business ?
Business : Any activity conducted regularly, on an ongoing and independent basis by any Person and in any location, such as industrial, commercial, agricultural, vocational, professional, service or excavation activities or any other activity related to the use of tangible or intangible properties.
What is Business Activity ?
Any transaction or activity, or series of transactions or series of activities conducted by a Person in the course of its Business.
What is Person ?
Any natural person or juridical person
Link to the The Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses
https://mof.gov.ae/wp-content/uploads/2022/12/Federal-Decree-Law-No.-47-of-2022-EN.pdf
Link to the Cabinet Decision No. 116 of 2022 on the annual Taxable Income subject to Corporate
https://mof.gov.ae/wp-content/uploads/2023/02/Cabinet-Decision-No-116-of-2022-on-CT-Article-3-Threshold-1.pdf
