On June 1, 2023, the UAE Ministry of Finance announced in a press conference the publication of two new decisions shedding light on the key conditions for applying the zero corporate tax rate to Free-trade zones (FTZs) residents):
- The UAE Cabinet Decision "On the definition of qualified income"
- The UAE Ministry of Finance Decision "On qualified and excluded activities"
The Decisions disclose the concept of qualified income and contain a list of qualified activities, as well as activities carrying out of which do not qualify for the 0% tax rate.
