This guide provides a comprehensive legal interpretation of the UAE Corporate Tax Law, Federal Decree-Law No. 47 of 2022. It clarifies the scope and application by defining core terms under Article 1 like 'Taxable Person' and 'Business'. The guide explains the tax rate structure in Article 3 and details the categories of Exempt Persons under Articles 4-10, distinguishing between Government Entities and Qualifying Investment Funds. It also outlines the criteria for establishing a Permanent Establishment under Article 14, providing a foundational understanding for corporate tax compliance and structuring within the UAE legal framework.
Explanatory Guide On Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses
May 2023
Contents
Introduction
Chapter One: General provisions
Article 1: Definitions
Chapter Two: Imposition of Corporate Tax and Applicable Rates
Article 2: Imposition of Corporate Tax
Article 3: Corporate Tax Rate
Chapter Three: Exempt Person
Clause 1 introduces the following categories of Persons who are exempt from Corporate Tax.
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