What adjustments are made to accounting net profit (or loss) for UAE Corporate Tax purposes?
The accounting net profit (or loss) must be adjusted in accordance with the provisions of the UAE Corporate Tax Law. These adjustments encompass, among others:
- Unrealized gains/losses (depending on the chosen application of the realization principle)
- Exempt Income such as dividends
- Gains or losses arising from transfers within a Qualifying Group
- Gains or losses arising from transfers under business restructuring transactions as per Article 27 of the Corporate Tax Law
- Deductions not allowable for Corporate Tax purposes
- Adjustments related to transactions with Related Parties and Connected Persons
- Transfers of Tax Losses within a group meeting the relevant conditions
- Any incentives or tax reliefs
- Any other adjustments specified by the Minister.
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