The Federal UAE CT Law, which is effective from the financial years beginning on or after 1 June 2023, will be applicable across all Emirates and will apply to all business and commercial activities, except to the following persons (subject to conditions):

  1. UAE Government Entity;
  2. UAE Government Controlled Entity;
  3. Person engaged in an Extractive Business in the UAE;
  4. Person engaged in a Non-Extractive Natural Resource Business in the UAE;
  5. Qualifying Public Benefit Entity;
  6. Qualifying Investment Fund;
  7. Public pension or social security fund, or a private pension or social security fund that is subject to regulatory oversight of the competent authority in the State and that meets any other conditions that may be prescribed by the Minister;
  8. Juridical person incorporated in the State that is wholly owned and controlled by certain Exempt Persons; and
  9. Any other Person as may be determined in a decision issued by the Cabinet at the suggestion of the Minister.