The definition of ‘Related Parties’ where there is a common ownership and/or Control through a Government Entity
This Public clarification (CTP002) explains the application of the Related Parties definition as per Article 35 of the Corporate Tax Law to structures where common ownership and/or Control is by virtue of the UAE Federal Government or a Local Government (i.e. Emirate-level government).
View the Document: Corporate Tax Public Clarification | CTP002
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Important Notice
The above extract has been provided for reference only and is based on information available in the public domain at the time of publication, which is subject to change. This does not constitute any form of advice or recommendation and therefore cannot be relied on to cover specific situations. We highly recommend that you consult with a qualified tax advisor in the UAE for personalized guidance based on your specific business circumstances. We accept no duty of care or liability for any loss occasioned to any person acting or refraining from action as a result of any material in this publication. Please refer to the following resources for the official and up-to-date information on the UAE Corporate Tax legal framework:- UAE Ministry of Finance: https://mof.gov.ae/tax-legislation/; and
- UAE Federal Tax Authority: https://tax.gov.ae/en/Legislation.aspx