قرار وزاري رقم (73) لسنة 2023 في شأن تسهيلات الأعمال الصغيرة لأغراض المرسوم بقانون اتحادي رقم (47) لسنة 2022

en · translation · sha256:3f13f036719e23365d102ae47530121856ce3c04ffecf2f868d71cdf565eda75

Article 2 – Taxable Person’s Revenue Threshold 1. For the purposes of the Small Business Relief referred to in Article 21 of the Corporate Tax Law (“Small Business Relief”), the Taxable Person’s Revenue threshold for the relevant Tax Period and previous Tax Periods shall be AED 3,000,000 (three million dirhams) for each Tax Period. 2. The threshold set out in Clause 1 of the Article shall apply to Tax Periods commencing on or after 1 June 2023 and such threshold shall only continue to apply to subsequent Tax Periods that end before or on 31 December 2026. 3. A Taxable Person shall not be able to elect to apply the Small Business Relief if their Revenue in any relevant or previous Tax Period has exceeded the threshold set out in Clause 1 of this Article. 4. The Revenue for the purpose of this Article shall be determined in accordance with the applicable accounting standards accepted in the State.

Referencing norms: ElectionIneffectiveOutsideWindow, ElectionIneffectiveRevenueExceeded, PeriodEndsAfterReliefWindow, PeriodWithinReliefWindow, RevenueExceededInEarlierPeriod, RevenueExceedsThresholdInPeriod, RevenueWithinThresholdFirstPeriod, RevenueWithinThresholdWithHistory, SmallBusinessReliefAvailable, SmallBusinessReliefLastPeriodEnd/value/urn%3Aae%3Acorpus%3Aclir%3Acorporate_tax%3Aparam%3Asmall-business-relief-last-period-end%23pinned/definition, SmallBusinessRevenueThreshold/value/urn%3Aae%3Acorpus%3Aclir%3Acorporate_tax%3Aparam%3Asmall-business-revenue-threshold%23pinned/definition

en · translation · sha256:10aae6c5ccc43ae75d4fe5c43e9af5519a323a116acdacc33a03fa653ca34bfb

Article 3 – Additional Conditions for Small Business Relief A Resident Person that elects to apply the Small Business Relief must not be any of the following: 1. A Constituent Company of a Multinational Enterprises Group as defined in Cabinet Decision No. 44 referred to. 2. A Qualifying Free Zone Person.

Referencing norms: ElectionIneffectiveMneConstituent, ElectionIneffectiveQualifyingFreeZonePerson, SmallBusinessReliefAvailable

en · translation · sha256:c5848ffc9a417f664b92447c23738d5d3456aee3265cce5dba95a71820752dba

Article 4 – Tax Loss Relief 1. Where an election to apply the Small Business Relief is made in a Tax Period, any Tax Losses incurred in such Tax Period cannot be carried forward to any subsequent Tax Periods. 2. Any unutilised Tax Losses incurred in previous Tax Periods where an election to apply the Small Business Relief was not made, may be carried forward to subsequent Tax Periods in which an election to apply the Small Business Relief is not made, subject to the conditions of Article 37 of the Corporate Tax Law.

Referencing norms: LossesCarriedForwardUnchangedUnderRelief

en · translation · sha256:caa2333f77d33dce6d7d9291f78876bfbaf2ec6cfeebe4a580269282d2d69a65

Article 5 – General Interest Deduction Limitation Rule 1. Where an election to apply the Small Business Relief is made in a Tax Period, any Net Interest Expenditure incurred in such Tax Period cannot be carried forward to any subsequent Tax Periods. 2. Any Net Interest Expenditure incurred in previous Tax Periods where an election to apply the Small Business Relief was not made may be carried forward to subsequent Tax Periods in which an election to apply the Small Business Relief is not made, subject to the conditions of Article 30 of the Corporate Tax Law.

Referencing norms: InterestCarriedForwardUnchangedUnderRelief

en · translation · sha256:0b45b792250f6992351994b8c4e4e1c288cad471958a2e05e2fb915994b29b01

Article 7 – Publication and Application of this Decision This Decision shall be published and shall come into effect (15) fifteen days following its publication.