UAE's FTA releases a guide clarifying 0% corporate tax rate conditions for Free Zone Persons.

The UAE's Federal Tax Authority (FTA) has released a guide detailing the application of corporate tax for Free Zone Persons under the Free Zone Corporate Tax regime. The guide clarifies the conditions for Qualifying Free Zone Persons to benefit from a 0% corporate tax rate on qualifying income, and provides examples to assist businesses in understanding how the Corporate Tax Law applies to Free Zone Persons. The guide also outlines the calculation of corporate tax for Free Zone Persons, determination of qualifying income, and other key elements.

May 26, 2024
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