Qualifying Group Relief
This guide (CTGQGR1 of 2024) provides guidance on the Qualifying Group Relief available under Article 26 of the UAE Corporate Tax Law, particularly on the following aspects:
- Transactions covered within the scope of the relief,
- Conditions to be eligible for the relief,
- Consequences of electing for the relief,
- Circumstances when the relief will be clawed back and consequences of clawback of the relief,
- Compliance requirements, and
- Interaction with other provisions of the UAE Corporate Tax Law.
This guide does not address Tax Groups, except where the Tax Group provisions interact with the provisions outlined above.
View the Document: Corporate Tax Guide | CTGQGR1 of 2024
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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