UAE, 22 May, 2025 : The UAE Ministry of Finance has extended corporate tax exemptions to certain foreign companies fully owned by UAE government entities, investment funds, or public pension funds. Previously, these entities were not exempt, even if operating through UAE branches.
The move aligns tax treatment between local and foreign-owned entities and aims to strengthen the UAE’s competitive, business-friendly environment.
This follows another relief measure allowing companies that missed tax registration deadlines to avoid penalties if they file returns within seven months. The Federal Tax Authority will also refund fines for qualifying firms, easing the transition into the UAE’s new corporate tax regime.
Source : gulfnews.comRelated Posts
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