Cabinet Resolution Exempting Certain Persons from the Corporate Tax for the Purposes of Federal Decree by Law Regarding Taxation of Corporations and Businesses
The last update on this law was listed on 02 May 2025
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Article (1) Definitions
The same definitions used in the above-referenced Federal Decree by Law No. (47) of 2022 shall apply to this Resolution.
Article (2) Exemption from Corporate Tax
For the purposes of Paragraph (i) of Clause (1) of Article (4) of the above-referenced Federal Decree by Law No. (47) of 2022, a Taxable Person established or incorporated under the legislation of another country or foreign jurisdiction, and which is fully owned or controlled by the Exempt Person defined in Paragraphs (a), (b), (f), and (g) of Clause (1) of Article (4) of the above-referenced Federal Decree by Law No. (47) of 2022 shall be exempt from the corporate tax provided that it conducts any of the following activities:
1. Exclusively conducts the business of the Exempt Person in whole or in part;
2. Exclusively holds assets or invests funds for the benefit of the Exempt Person; or
3. Exclusively carries out activities that are ancillary to the activities conducted by the Exempt Person.
Article (3) Publication and Entry into Force
This Resolution shall be published in the Official Gazette, and shall enter into force as of June 1, 2023.
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