May 11, 2023 
Corporate Tax
UAE Corporate Tax – Conditions for a Person to Continue to be Deemed as Exempt Person or Ceases to be Deemed Exempt
The UAE Ministry of Finance has issued Ministerial Decision No. 105 of 2023 on the Determination of the Conditions under which a “Person may Continue to be Deemed as an Exempt Person, or Cease to be Deemed as an Exempt Person” from a Different Date for the Purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses.
Here we have simplified the whole document in an understandable format.
Exempt Persons:
- Government & Government controlled entity
- Extractive business
- Non extractive natural resources business
- Qualifying Public Benefit Entity
- Qualifying Investment Fund
- Public/Private pension fund, social security fund
- Entities wholly owned & controlled by exempt persons
Why Spectrum Auditing?
Spectrum Auditing will guide you with the laws and regulations of UAE, be it Corporate Tax (CT), Transfer Pricing (TP), Ultimate Beneficiary Owner (UBO), Anti Money Laundering (AML), etc after reviewing your business. Being a pioneer in the field of auditing, accounting, taxation
