FTA has issued a post related to conditions for exempting persons from Corporate Tax on application to and approval by FTA and meeting conditions.
Exempt after application to, and approval by the FTA*, and meeting relevant conditions
· Qualifying Investment Funds
· Public or Private Pension and social security Funds
· Wholly Owned and controlled UAE Subsidiaries of certain exempt persons.
Registration required from 01.June.2024
Note : Application for exemption must be made within 60 business days of the end of the tax period.
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