Minister of State for Financial Affairs:
- 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. 13 of 2016 On the Establishment of the Federal Tax Authority, and its amendments,
- Federal Decree-Law No. 8 of 2017 On Value Added Tax, and its amendments,
- Federal Decree-Law No. 28 of 2022 On Tax Procedures, and its amendments,
- Federal Decree-Law No. 47 of 2022 On the Taxation of Corporations and Businesses, and its amendments,
has decided:
The following words and phrases shall have the meanings assigned to them, unless the context requires otherwise:
State: United Arab Emirates.
Ministry: Ministry of Finance.
Authority: Federal Tax Authority.
Person: Any natural or legal person.
Financial Year: The calendar year or the twelve (12) month period in which the person prepares its financial statements.
Business Day: Any day excluding weekends and official holidays of the State Government.