What are the administrative requirements for an Exempt Person to apply for the exemption?
Entities such as Qualifying Investment Funds, public pension or social security funds, or juridical persons wholly owned and controlled by an Exempt Person must register for Corporate Tax first. After registration, they must submit an application to the Federal Tax Authority for approval as an Exempt Person meeting the conditions outlined in the Corporate Tax Law or relevant implementing Decisions. Government Entities, Government Controlled Entities, Persons involved in Extractive Businesses, Non-Extractive Natural Resource Businesses, or Qualifying Public Benefit Entities do not need to apply for exemption.
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Related Content for UAE Corporate Tax
Are Free Zone companies in UAE liable to Corporate Tax ?
Free Zone has distinct taxation system based on Qualifying Income and Excluded Income. It is therefore essential to know the kind of income taxable under UAE Corporate Tax Law for Free Zone companies.
Can you Split up your Business to claim Small Business Relief in the UAE?
If your business exceeds the Revenue Threshold limit for Small Business Relief, can you split up your business to claim Small Business Relief as per UAE Corporate Tax Law or will it constitute a Tax Crime punishable under the UAE Tax Procedures Law?
Who is a Taxable Person under UAE Corporate Tax Laws?
Are you a Taxable Person liable for Corporate Tax under the UAE Corporate Tax Law? Can an Exempt Person be considered as a Taxable Person?
