Unified UAE Legislation Database

Federal Decree-Law No. 40 of 2024 Amending Certain provisions of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses

Status

In force

Issuing Authority

President of the UAE

Effective date

XX.XX.XXXX

Official Link

https://

We, Mohammed bin Zayed Al Nahyan, President of the United Arab Emirates
- Having reviewed the Constitution,

- Federal Law No. 1 of 1972 on the Competences of Ministries and the Powers of Ministers, and its amendments,

- Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, and its amendments,

- as presented by the Minister of Finance and approved by the Cabinet,

have issued the following Decree-Law:

 

Article 1

The texts of Article 45 and Article 46 of Federal Decree-Law No. 47 of 2022 shall be replaced by the following:

Article 45 - Withholding Tax

1. Income arising in the State attributable to a non-resident person shall be taxed at a rate of (0%) zero per cent in the form of withholding tax or any other rate of withholding tax determined by a decision issued by the Cabinet upon the proposal of the Minister, to the extent that such income is not attributable to a permanent establishment or a connection in accordance with the provisions of paragraph (a) or paragraph (c) of Clause (3) of Article 12 of this Decre...