Corporate Tax Exemption to Qualifying Public Benefit Entities – Cabinet Decision No. 37 of 2023

The UAE Cabinet Decision No. 37 of 2023 outlines the Qualifying Public Benefit Entities for the Purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses.

The Cabinet Decision also requires such entities to notify the Ministry of any changes impacting the entity’s continuity in meeting the conditions set out in the Corporate Tax Law.

A Qualifying Public Benefit Entity is expected to provide all relevant documents, data and information to the Ministry and the Authority to verify that the Qualifying Public Benefit Entity meets the requirements stipulated in the Corporate Tax Law.