Provision of Exemption from Corporate Tax – FTA Decision No. 7 of 2023

Article 4 of the Federal Decree-Law No. 47 of 2022 exempts certain persons from the UAE’s Corporate Tax regime.

In this context, the UAE’s Federal Tax Authority has issued its Decision No. 7 of 2023, specifying the dates by which such exempt persons must obtain the Tax Registration Number. The Decision also mentions the timelines for applying to the FTA to claim Corporate Tax exemption.