Applicant: Person applying for a Private Clarification.
Business Day: Any day of the week, except weekends and official holidays of the Federal Government.
Clarification: An official document issued by the FTA in response to a request from a specific Person regarding the Tax treatment of specific transactions.
Corporate Tax: The Tax imposed under Federal Decree-Law No. 47 of 2022 on Taxation of Corporations and Businesses and its amendments, on juridical Persons and Business income.
Domestic Designated Filing Entity: means
(a) a Constituent Entity that files the Top-up Tax Return and pays the Top-up Tax on behalf of all members of a Domestic Main Group, a Domestic Minority-owned Subgroup or a Reverse Hybrid Entity; or
(b) a Joint Venture or JV Subsidiary that files the Top-up Tax Return and pays the Topup Tax on behalf of all members of a Domestic JV Group.
EmaraTax: The FTA’s core Tax system.
Excise Tax: Tax imposed under Federal Decree-Law No. 7 of 2017 on Excise Tax and its amendments.
FTA: Federal Tax Authority.
Legal Representative: The guardian or custodian of an incapacitated Person or minor,...