The UAE Ministry of Finance has announced the issuance of Ministerial Decision No. 43 of 2023 on Exception from Tax Registration for the purpose of the country's new corporate tax regime that will take effect for tax periods beginning on or after 1 June 2023. The decision provides that the following are not required to register for corporate tax:
- A Government Entity;
- A Government Controlled Entity;
- A Person engaged in an Extractive Business that meets the conditions of Article 7 of the Cor…