The Emirates News Agency has issued a release from the Ministry of Finance announcing that legislation is being finalized for the introduction of a Pillar 2 qualified domestic minimum top-up tax (QDMTT) to ensure a minimum effective tax rate of 15% for in-scope MNE groups from 1 January 2025. Incentives are also being considered to support growth and innovation, including tax credits for high-value employment activities from 2025 and for R&D activities from 2026.
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Ministry of Fina…