UAE Ministry of Finance releases Corporate Tax Law

Local contact

EY Global

9 Dec 2022
Subject Tax Alert
Categories Corporate Tax
Jurisdictions United Arab Emirates

On 9 December 2022, the United Arab Emirates (UAE) Ministry of Finance (MoF) published Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (pdf) (Corporate Tax Law).

The Corporate Tax Law provides the legislative framework for a federal corporate tax in the UAE on the net profits of corporations and other businesses. It is supplemented by 158 Frequently Asked Questions to initially provide further detail on specific matters pending publication of further formal guidance. The Corporate Tax Law will be effective for financial periods starting on or after 1 June 2023.

A more detailed Alert regarding the technical and administrative features of the Corporate Tax Law will follow in due course.


For additional information with respect to this Alert, please contact the following:

EY Consulting LLC, Dubai
  • Rajan Parmar, UAE Tax Market Segment Leader

  • Wadih Abounasr, MENA Business Tax Services Leader

  • Chris Lord, MENA Tax Markets Leader

  • Guy Taylor, MENA Transfer Pricing Leader

  • Adil Rao, International Tax and Transaction Services

  • Barry Magill, International Tax and Transaction Services

  • Mina Al-Khudairi, International Tax and Transaction Services

  • Hannah Shipley, Business Tax Advisory

  • Mohamed Araji, Business Tax Advisory

  • Koen Desloover, Global Compliance and Reporting

  • Mohammed El Swefy, Business Tax Advisory

  • Neil Allmark, International Tax and Transaction Services

  • Brandon George, International Tax and Transaction Services

Ernst & Young LLP (United States), Middle East Tax Desk, New York
  • Asmaa Ali

For a full listing of contacts and email addresses, please click on the Tax News Update: Global Edition (GTNU) version of this Alert.