Who is eligible for exemption from UAE Corporate Tax ?
Certain entities are automatically exempt from UAE Corporate Tax, including:
- The UAE Federal and Emirate Governments, along with their departments, authorities, and other public institutions.
- Companies fully owned and controlled by a Government Entity that engage in a Mandated Activity, as listed in a Cabinet Decision.
- Businesses involved in extracting UAE Natural Resources or related non-extractive activities subject to Emirate-level taxation, provided they meet specific conditions.
- Qualifying Public Benefit Entities listed in Cabinet Decision No. 37 of 2023 or subsequent relevant decisions.
Entities may also apply for exemption from UAE Corporate Tax with approval from the Federal Tax Authority if they fall into the following categories:
- Qualifying Investment Funds meeting prescribed conditions.
- Public or private pension or social security funds meeting conditions specified in Ministerial Decision No. 115 of 2023.
- UAE juridical persons wholly-owned and controlled by specific exempted entities, engaging in activities outlined in paragraph (h) of Clause 1 of Article 4 of the Corporate Tax Law.
CONTACT US FOR TAX CONSULTANCY
Master UAE Corporate Tax: Explore our course!
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?
