UAE authorities release Qualifying Group Relief Corporate Tax Guide 

The guide aims to equip readers with an understanding of various aspects related to Qualifying Group Relief, including:

Scope of Relief:

• Covered transactions falling under the relief's purview.

Eligibility Conditions:

• Criteria to qualify for the relief, ensuring clarity on who can benefit from it.

Electing for Relief:

• Implications and outcomes of choosing to utilize the relief, providing insights into the decision-making process.

Clawback Scenarios:

• Circumstances leading to the clawback of relief and the subsequent consequences of such actions, offering a cautionary perspective.

Compliance Requirements:

• Obligations and responsibilities regarding compliance with the relief provisions, ensuring adherence to regulatory standards.

Interaction with Other Provisions:

• How Qualifying Group Relief intersects with and influences other sections of the UAE Corporate Tax Law, providing a holistic view of its impact.

The guide specifically excludes detailed discussions on Tax Groups, except where their provisions intersect with those outlined above. This focus allows for a more targeted and precise examination of Qualifying Group Relief without unnecessary diversions.

Full Guide is available here: Qualifying Group Relief - For publishing.pdf (tax.gov.ae)

SOURCES:

• Qualifying Group Relief - For publishing.pdf (tax.gov.ae)
• Federal-Decree-Law-No.-47-of-2022-EN.pdf (mof.gov.ae)