On 26 September 2023, FTA has released Decision No. 11 of 2023 on the Requirements of Submitting a Declaration for Exempt Persons under Corporate Tax (CT) Law. It states that the following exempt persons are required for to submit an annual declaration within 9 months from the end of relevant Tax Period: –
- A Qualifying Public Benefit Entity
- A Qualifying Investment Fund
- A public pension or social security fund, or a private pension or social security fund that is subject to regulatory oversight of the competent authority in the UAE.
- A juridical person incorporated in the UAE that is wholly owned and controlled by Government Entity or Government Controlled Entity or Qualifying Investment Fund or public pension or social security fund, or a private pension or social security fund that is subject to regulatory oversight of the competent authority in the UAE.
