- Clarifying conditions for carrying out business restructuring without causing corporate tax liabilities.
- Streamlining the process of calculating taxable income for UAE businesses.
Abu Dhabi, UAE: The UAE Ministry of Finance 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.
His Excellency Younis Haji Al Khouri, Undersecretary of the Ministry of Finance, said: “The new decisions issued today aim t…
Read the full article at: https://www.zawya.com/en/press-release/government-news/ministry-of-finance-issues-new-corporate-tax-decisions-on-intra-group-transfers-determination-of-taxable-income-and-restructuring-relief-j8v66v1p