Business Activities of a Government entity treated as a Single Taxable Person
 

Business Activities of a Government entity treated as a Single Taxable Person

May 5, 2023by admin0

MoF has issued Cabinet Decision No 68 of 2023 on Treatment of all Businesses and Business Activities Conducted by a Government Entity as a Single Taxable Person Only Federal and Local Government entities are impacted by this Ministerial Decision.

A representative of Federal Government and Local Government will apply to authority to treat as a single taxable person For computing Taxable Income.

The Representative Entity shall consolidate financial results, assets, and liabilities of all businesses or business activities and eliminate intragroup transactions of the Single Taxable Person Federal and Local government entities can effectively form a tax group, allowing them to file a single Corporate Tax return and reduce compliance and associated costs

Business Activities of a Government entity treated as a Single Taxable Person

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Onboard the UAE’s one of most trusted advisory firm offering various tailored services to support all upcoming & existing businesses across the UAE.
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