Corporate Tax Law: Consolidate Local Government Businesses as a Single Taxable Person
Article 5 of the UAE Corporate Tax Law classifies all business activities of local government bodies as a single taxable entity. With ongoing changes in the UAE's taxation system, this has significant implications for local governments. A key development is Ministerial Decision No. 68 of 2023, which outlines the conditions for registering local government businesses as a single taxable individual. This guide will detail these conditions, the potential tax implications for local government activities, and the role of corporate tax consultants in Dubai. Conditions for treatment as one taxable person According to the Ministerial Decision, several conditions must be…