Summary of UAE Corporate Tax and Transfer Pricing Law

The long wait was finally over on 9 December 2022, when
the UAE Federal Tax Authority (FTA) released the final
version of the UAE Corporate Tax (CT) law (hereinafter
referred to as the law) through Federal Decree-Law No. 47
of 2022. The law is largely based on the public
consultation document issued earlier during the year 2022.
However, it also contains certain new provisions which
inter-alia include General Anti Abuse Rules, Small Business
Relief, detailed definition of UAE-sourced income, etc. The
CT regime would be effective for the financial year starting
on or after 1 June 2023.

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