UAE Ministry of Finance Releases Three Ministerial Decisions on Taxation for Corporations and Businesses

The Ministry of Finance in the United Arab Emirates (UAE) has announced the release of three significant ministerial decisions aimed at regulating taxation policies for corporations and businesses in the country. These decisions are expected to have a significant impact on various aspects of taxation and financial operations. Here are the details of each decision:

1. Ministerial Decision No. 125 of 2023 on Tax Group for the Purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses.
2. Ministerial Decision No. 126 of 2023 on the General Interest Deduction Limitation Rule for the Purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses.
3. Ministerial Decision No. 127 of 2023 on Unincorporated Partnership, Foreign Partnership, and Family Foundation for the Purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses.

These ministerial decisions align with the UAE's ongoing efforts to enhance its tax framework, promote transparency, and create a favorable environment for businesses and investors. They reflect the government's commitment to fostering economic growth while maintaining a robust and fair tax system. 

You can access Law including Guidelines, Cabinet & FTA Decisions, Public Clarifications, Forms, Business Bulletins for all taxes (Vat, Excise, Customs, Corporate Tax, Transfer Pricing) for all GCC Countries in the LAW SECTION of GCC FinTax