*DO YOU KNOW!!!* 🧐
The following persons are exempt from Corporate Tax, either automatically or by way of application: 👇
1. The UAE Federal and Emirate Governments, authorities and other public institutions;
2. Wholly Government-owned companies and that are listed in a Cabinet Decision;
3. Businesses engaged in the extraction of UAE natural resources and related non-Extractive Activities that are subject to Emirate-level taxation after meeting certain conditions;
4. Public Benefit Entities that are listed in a Cabinet Decision;
5. Investment Funds that meet the prescribed conditions;
6. Public or private pension or social security funds that meet certain conditions; and
7. UAE juridical persons that are wholly owned and controlled by certain exempted entities after meeting certain conditions.
