How Holding Companies Could Hold Ground under UAE Corporate Tax

The UAE has long been known for its business-friendly environment, characterized by a lack of corporate and personal tax. However, the UAE’s Federal Tax Authority has brought a significant shift by introducing the UAE Corporate Tax (CT) law vide Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (CT Law). The CT Law has far-reaching implications on the taxpayers, particularly for Holding Companies. In this article, we explore the key aspects of the newly introduced UAE CT law and its impact on Holding Companies.