This Federal Decree-Law amended Federal Decree-Law No. 47 of 2022.
We Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates,
- Having reviewed the Constitution,
- Federal Law No. 1 of 1972 on the Competencies of Ministries and Powers of the Ministers, and its amendments,
- Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses,
- Pursuant to what was presented by the Minister of Finance and the approval of the Сabinet,
Have issued the following Decree-Law:
1. Two new definitions shall be added to the definitions under Article 1 of the Federal Decree-Law No. 47 of 2022 referred to above:
Top-up Tax: The top-up tax imposed on Multinational Enterprises in accordance with this Decree-Law and the rules and controls to be determined by the Cabinet under Article 3 of this Decree-Law for the purposes of the Pillar Two rules issued by the Organization for Economic Cooperation and Development.
Multinational Enterprise: An entity and/or one or more of its member entities located in the State o...