On 12 December 2023, the UAE Federal Tax Authority (FTA) published the Corporate Tax Guide on Taxation of Extractive Business and Non-Extractive Natural Resource Business - CTGEPX1. The purpose of the guide and who should read it are summarized as follows:
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Purpose of this guide
This guide is designed to provide general guidance on Extractive Businesses and Non-Extractive Natural Resource Businesses for Corporate Tax purposes. It provides readers with an overview of:
- Scope of the Co…