Amended List of Qualifying Public Benefit Entities for the Purpose of Corporate Tax in UAE

FTA has issued a detailed list of amended qualifying public benefit entities, details of which are as follows.

Article 1: Definitions

In this Decision, all terms as well as expressions contain the same meanings that have been assigned to them under Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (the “Corporate Tax Law”), unless the context clearly requires a different meaning.

Article 2: Qualifying Public Benefit Entities

The organizations included in the schedule attached to this Decision will be considered Qualifying Public Benefit Entities in accordance with the Corporate Tax Law.

Government Entities must inform the Ministry if any changes occur to the public benefit entities mentioned in the attached schedule. This includes any change that may affect the entity’s ability to continue meeting the conditions set out in the Corporate Tax Law. The notification must be submitted in a format and method that is already predefined by the Ministry. Additionally, it should be submitted within the timeframe of 20 business days from the date the change occurs.

Article 3: Amendment to the Schedule of Public Benefit Entities

The Government Entities are allowed to submit a request to the Ministry regarding the amendment to the schedule attached to this Decision. This change can involve adding a new organization to the list or removing an existing one from the list. For this request, the format and procedure must be followed that is specified by the Ministry. The Government Entity must also provide all the data, information, and supporting documents requested by the Ministry in order for the application to be properly reviewed and processed.

Based on the recommendation of a Minister, the Cabinet has the authority to alter this Decision and the accompanying Schedule. It can be done by adding or removing entries.

Article 4: The Request for the Information

A Qualifying Public Benefit Entity must give all relevant data, documents, as well as important information to the ministry and authority. It is required to verify whether the Qualifying Public Benefit Entity fulfils the conditions specified in the Corporate Tax Law or not.

Each and every government entity within state has to cooperate completely with Ministry and Authority. They must provide any data, information, and documentation that is required.

The Ministry and the Authority may share data, information, and documents about any Qualifying Public Benefit Entity and its activities with each other when needed to apply this Decision.

Article 5: Implementing Decisions

The minister will take the necessary steps and issue any required decisions to make sure this Decision is implemented properly.

Article 6: Publication and Application of this Decision

This decision shall be made public by publishing in the official Gazette and shall become operative on the day following the date on which it is published.