Article 19 –
Election to be Subject to Corporate Tax-
- A Qualifying Free Zone Person can make an election to be subject to Corporate Tax at the rates specified under Clause 1 of Article 3 of this Decree-Law.
- The election under Clause 1 of this Article shall be effective from either of:
- The commencement of the Tax Period in which the election is made.
- The commencement of the Tax Period following the Tax Period in which the election was made.