UAE, 20 May, 2024 : The UAE Federal Tax Authority (FTA) has introduced a new corporate tax guide, CTGFZP1, targeting Free Zone Persons. This guide aims to provide comprehensive guidance on the application of the Corporate Tax Law within Free Zones and for Free Zone Persons.
The guide covers:
- The necessary conditions for a Free Zone Person to qualify as a Qualifying Free Zone Person (QZFP) and benefit from the 0% Corporate Tax rate.
- The classification of activities into Qualifying Activities and Excluded Activities for a QFZP.
This resource is intended to assist stakeholders in understanding the tax implications of the Corporate Tax regime for Free Zone Persons.
Click link below to access the guide :
CTGFZP1_Free Zone Persons
Source : www.tax.gov.ae
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