ABU DHABI – The Ministry of Finance (MoF) has issued three new Ministerial Decisions for the purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses.
These include Ministerial Decision No. 132 of 2023 on Transfers within a Qualifying Group, Ministerial Decision No. 133 of 2023 on Business Restructuring Relief, and Ministerial Decision No. 134 of 2023 on the General Rules for Determining Taxable Income.
Younis Haji Al Khouri, Undersecretary of the Ministry of Finance, said, “The new decisions aim to simplify the process of determining taxable income in addition to providing tax relief for intra-group transfer of assets or liabilities between members of the same qualifying group or when carrying out spe…
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