The United Arab Emirates Federal Tax Authority (FTA) issued Decision No. 5 of 2023 on 7 April 2023, setting out the conditions for a change in tax period for the purposes of Article 58 of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (the Corporate Tax Law). As provided by Article 58, a taxable person can make an application to the FTA to change the start and end date of its tax period, or use a different tax period, provided that the following conditions se…