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UAE publishes a list of organizations exempt from corporation taxes

UAE publishes a list of organizations exempt from corporation taxes

For the purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, the Ministry of Finance has released Ministerial Decision No. 43 of 2023 on the exception from tax registration. (Corporate Tax Law).

The decision is made in accordance with Article 51 of the Corporate Tax Law, which, barring specific situations, requires taxable persons to register for corporate tax with the Federal Tax Authority.

Those who would not be required to register for Corporate Tax are specified in the Ministerial Decision on the Exception from Tax Registration.

Governmental organizations, companies under the jurisdiction of the government, firms engaged in extractive industries, as well as non-extractive natural resource businesses, are free from the requirement to register for corporate tax reasons.

If a non-resident individual merely receives revenue from the UAE and does not have a Permanent Establishment there, they are also exempt from corporate tax registration requirements.

The decision's exception, which states that those who are exempt from corporate tax, such as the federal government, UAE government departments and authorities, other public institutions, and other categories mentioned above, are not required to register for taxes because they are not liable for them, is consistent with international best practices.

As long as they continue to satisfy the exemption requirements outlined in the applicable Decree-Law articles, these entities do not need to register with the Federal Tax Authority.


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