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UAE issues domestic minimum top-up tax legislation

|Tax Alerts, Information Reporting, Legis ...|Untd A Emirates
Untd A Emirates

  • In a new Cabinet Decision, the Ministry of Finance of the United Arab Emirates (UAE) introduces the imposition of a Domestic Minimum Top-up Tax on multinational enterprises.
  • Applicable to fiscal years starting on or after 1 January 2025, the tax will generally affect multinational enterprises operating in the UAE with consolidated annual revenues equal to or exceeding €750m in two of the last four fiscal years.
  • The provisions of the UAE Domestic Minimum Top-up Tax legislation are intended to align…

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