Cabinet Decision
No. 55 of 2025
In Force
Cabinet Decision No. 55 of 2025 on Exempting Certain Persons from Corporate Tax
Preamble
The Cabinet:
- Having reviewed the Constitution,
- Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, and its amendments,
- Pursuant to what was presented by the Minister of Finance and upon the approval of the Cabinet,
Decided:
Article 1 — Definitions #sec-1
Definitions in Federal Decree-Law No. 47 of 2022 referred to above shall apply to this Decision.
Article 2 — Exemption from Corporate Tax #sec-2
For the purposes of paragraph (i) of Clause (1) of Article (4) of Federal Decree-Law No. 47 of 2022 referred to above, a Taxable Person incorporated or established under the applicable legislation of a foreign jurisdiction that is wholly owned and controlled by an Exempt Person specified in paragraphs (a), (b), (f) and (g) of Clause (1) of Article (4) of Federal Decree-Law No. 47 of 2022 referred to above shall be exempt from Corporate Tax, provided it conducts any of the following:
- Only undertakes part or whole of the activity of the Exempt Person.
- Is engaged exclusively in holding assets or investing funds for the benefit of the Exempt Person.
- Only carries out activities that are ancillary to those carried out by the Exempt Person.
Article 3 — Publication and Application of the Decision #sec-3
This Decision shall be published in the Official Gazette and shall be effective from 1 June 2023.