OrbitaxOrbitax

UAE Ministerial Decision on the Participation Exemption for Corporate Tax Purposes

|Approved Changes|United Arab Emirates
United Arab Emirates

The UAE Ministry of Finance has published Ministerial Decision No. 116 of 2023, which regulates the rules for the participation exemption under Article 23 of the new Corporate Tax Law. The decision covers the types of instruments that qualify as an ownership interest for participation exemption purposes, the aggregation of ownership interests in the same juridical person to determine whether a taxable person has a qualifying participating interest, the treatment of qualifying transfers of o…

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.

Already a Pro or Pro+ subscriber? Sign in to Orbitax to continue reading.