The UAE Ministry of Finance (MoF) issued an Explanatory Guide to the CT Law on May 12, 2023 (Explanatory Guide). The UAE Federal Tax Authority (FTA) then published a Corporate Tax General Guide (CT Guide) on September 11, and complemented it with a Guide on Exempt Income: Dividends and Participation Exemption (Exempt Income Guide) issued on October 16, and a Transfer Pricing Guide (TP Guide) issued on October 23.
While the Explanatory Guide explains the meaning and intended effect of each article of the CT Law, the CT Guide and Exempt Income Guide combine in one place the key provisions on topics covered in the Corporate Tax Law and relevant Cabinet and Ministerial Decisions (Decisions). All guides further clarify some particular concepts and include practical and numerical examples.
These guides should help taxpayers analyze and apply these provisions of the UAE corporate tax regime.