UAE's Ministry of Finance Introduces Ministerial Decision No. 120 of 2023 on Adjustments Under Transitional Rules for Taxation of Corporations and Businesses

UAE's Ministry of Finance has introduced Ministerial Decision No. 120 of 2023 on Adjustments Under Transitional Rules for Taxation of Corporations and Businesses.

Ministerial Decision No. 120 of 2023, issued by the Ministry of Finance, is a crucial step towards clarifying the transitional arrangements for businesses operating in the UAE.

The introduction of this ministerial decision reflects the UAE government's commitment to establishing a transparent and efficient tax regime. By offering clear instructions and guidelines, the Ministry of Finance aims to ensure a seamless transition and minimize any potential disruptions for businesses during the implementation phase.