Website Last updated:
July 30, 2026
Article 9 sets out the conditions for an entity to be exempt from Corporate Tax as a Qualifying Public Benefit Entity. The entity must be established and operated exclusively for purposes like religion, charity, science, education, or public welfare. It must not conduct any business activity unrelated to its core purpose. A critical condition is that its income and assets are used solely to further its established mission, with no part benefiting any private shareholder, member, or founder. The exemption is effective once the entity is listed in a Cabinet decision, and it must provide information to the Authority to monitor compliance.
Chapter 3 - Exempt Person
Article 9 - Qualifying Public Benefit Entity
Continue Reading
Access Full Content
You're viewing a preview of this document. Please log in to unlock the complete content, annotations, and research tools.Click here to view details of the free plan and the subscriptions we offer.