FTA Releases Guide on Qualifying Group Relief under UAE Corporate Tax Law

UAE, 03 April, 2024 :  The Federal Tax Authority (FTA) of the UAE recently published a guide on Qualifying Group Relief (CTGQGR1), aimed at offering comprehensive insights into the provisions outlined in Article 26 of the UAE Corporate Tax Law. This guide serves as a resource to provide clarity and understanding on various aspects related to Qualifying Group Relief, including:

• Transactions falling within the scope of the relief
• Eligibility conditions for availing the relief
• Implications of opting for the relief
• Situations leading to the clawback of relief and its consequences
• Compliance obligations
• Interplay with other provisions of the UAE Corporate Tax Law

It's important to note that this guide primarily focuses on Qualifying Group Relief and its intricacies, with occasional mentions of Tax Groups only where their provisions intersect with those discussed above.

Source : www.tax.gov.ae