Corporate Tax Guide | CTGREI1 | October 2024
Accounting Standards: The accounting standards specified in Ministerial Decision No. 114 of 2023.
AED: The United Arab Emirates dirham.
Authority: Federal Tax Authority.
Business: Any activity conducted regularly, on an ongoing and independent basis by any Person and in any location, such as industrial, commercial, agricultural, vocational, professional, service or excavation activities or any other activity related to the use of tangible or intangible properties.
Business Activity: Any transaction or activity, or series of transactions or activities, conducted by a Person in the course of its Business.
Corporate Tax: The tax imposed by the Corporate Tax Law on juridical persons and Business income.
Control: The direction and influence over one Person by another Person in accordance with Article 35(2) of the Corporate Tax Law.
Corporate Tax Law: Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, and its amendments.
Dividend: Any payments or distributions that are declared or paid on or in respect of shares or other rights part...