UAE Corporate Tax Law

Tax group shall be consist of

• only resident natural persons

• only juridical and resident persons

• juridical as well as natural resident persons

• resident as well as non resident persons

For carry forward of tax loss how much ownership interest must be held by the same person 

• at least 50%

• more than 75%

• at least 75%

• 25% or more

Corporate tax due is first settled by

• Payment of Tax

• Foreign Tax Credit

• Withholding Tax Credit

All records shall be Kept for ______ from the end of relevant tax period

• 3 Years

• 6 Years

• 8 Years

• 7 Years

For transfer of tax loss taxable person must have direct or indirect ownership interest of?

• at least 50%

• more than 75%

• at least 75%

• no such limit exist

Corporate Tax shall be paid within______ from the end of relevant tax period

• 30 days

• 9 Months

• 3 Months

• 6 Months

what is the tax rate in case the income is a qualifying income?

• 9%

• income above AED 375000 ,9%

• income above AED 350000 ,9%

• 0%

The UAE has decided to implement corporate tax, which will enter into force for the financial years beginning on or after

• January 1 ,2023

• April 1 ,2023

• June 1, 2023

• October 1,2023

when a new subsidiary joins existing tax group

• unutilized tax losses of group can be offset against taxable income of subsidiary

• unutilized tax losses of subsidiary can be offset against taxable income of group

• both (a) and (b)

• None of the above

Participation interest % means

• less than 5%

• Equal to 5%

• 5% or more

• no such limit exist