Webinar recording
On 1 June 2023, the Ministry of Finance (MoF) of the United Arab Emirates (UAE) issued Cabinet Decision No. 55 of 2023, determining qualifying income for qualifying free zone persons under the Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses. This decision carries significant implications for businesses operating in free zones.
In light of this, our Corporate Tax team held a 60-minute webinar on Tuesday, 6 June 2023, at 11:00 am (UAE time). During this session, our experts discussed the key highlights of the Cabinet Decision and its direct impact on free zone businesses. Furthermore, they shared their insights on the major challenges that businesses may encounter when applying the Corporate Tax Law.