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Federal Tax Authority renews its calls for Resident Juridical Persons with Licences issued in October and November to register for Corporate Tax before end of November 2024 Federal Tax Authority sets record as first global tax authority to earn the Corporate Ethical Procurement and Supply Award two consecutive times Federal Tax Authority Showcases Its Development Projects, Digital Transformation and ‘Zero Government Bureaucracy’ to Live Broadcasters Federal Tax Authority Sheds Light on Corporate Tax for Free Zone Persons During New Awareness Workshop in RAK Federal Tax Authority Receives ISO Certifications for Risk Management and Collaborative Business Relationships Management Systems Federal Tax Authority offers grace period for taxpayers falling behind on updating their tax registration information for the period ending in March 2025 Federal Tax Authority Urges Resident Juridical Persons with Licences issued in October and November to register for Corporate Tax before end of November 2024

Corporate Tax

Exempt Person: Failure to meet conditions

    

General Rule
Ceases to be an Exempt Person from beginning of the Tax Period in which conditions have not been met 
 
 		 Special Rule
Ceases to be deemed an Exempt Person from the day it fails to meet the conditions, if there is a tax avoidance purpose
 
 		 Exception
Remains exempt where failure to meet conditions is due to liquidation or termination, or failure is of a temporary nature and will be promptly rectified
 
 
  
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Page last updated: : May 06, 2024
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