MoF has issued Cabinet Decision No 43 of 2023 clarifies list of persons who will not be required to apply for CT Registration subject to conditions
- Government entity
- Government controlled entity
- Person engaged in Extractive Business
- Person engaged in Non Extractive
- Natural Resource Business
- Non-resident earning UAE sourced
- income and do not have a permanent establishment PE in UAE
Persons mentioned above if do not fulfil the conditions for exemption under CT law will be required to register for Corporate Tax Please refer to our separate communication in this regard for further details
