Cabinet Decision No. 142 of 2024 establishes the legal framework for the imposition of Top-up Tax on Multinational Enterprises within the United Arab Emirates. Issued on 31 December 2024, this Decision implements the Global Anti-Base Erosion rules in alignment with Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses. It specifies that the Top-up Tax applies to Fiscal Years starting on or after 1 January 2025. The Decision clarifies compliance rules and procedures detailed in its annexure, ensuring the UAE's alignment with international tax standards and Pillar Two requirements.