Ministerial Decision No. 302 of 2024 on the Participation Exemption and Foreign Permanent Establishment Exemption for the Purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses

Minister of State for Financial Affairs: 
- 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, and its amendments, 
- Ministerial Decision No. 116 of 2023 on the Participation Exemption for the Purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, 
Has decided: 

Article 1 — Definitions 

Words and expressions in this Decision shall have the same meanings specified in the Federal Decree-Law No. 47 of 2022 referred to above (“Corporate Tax Law”), and the following words and expressions shall have the meanings assigned against each, unless the context otherwise requires: 

Accounting Standards: The accounting standards specified in a decision issued by the Minister for the purposes of the Corporate Tax Law. 

Participating Interest: Means an ownership interes...