UAE issues corporate tax decisions on restructuring, group transfers and taxable income – The National

UAE issues corporate tax decisions on restructuring, group transfers and taxable income – The National

The UAE Ministry of Finance has issued three new decisions on corporate tax ahead of its introduction on June 1, covering details on restructuring, taxable income and intra-group transfers.

One of the decisions “provides details on how to claim corporate tax relief on transfer of assets and liabilities between members of a qualifying group”, the ministry said in a statement on Wednesday.

The conditions under which business mergers and other restructuring transactions can be undertaken without triggering a corporate tax liability is clarified by the second decision.