UAE Ministerial Decision No. 105 of 2023 on Exempt Person: Corporate Tax

The UAE Ministry of Finance has issued a Ministerial Decision No. 105 of 2023 on the determination of the Conditions under which a person may continue to be deemed as an Exempt Person, or cease to be deemed as an Exempt Person from a different date for the Purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses.

Accordingly, it lays down:

• Conditions of Deeming the Person as an Exempt Person in Case of Liquidation or Termination
• Conditions of Deeming the Person as an Exempt Person in Case the Failure to Meet the
  Conditions is of a Temporary Nature
• Instances for Ceasing to Deem the Person as an Exempt Person from a Different Date