Article 19 –

Election to be Subject to Corporate Tax-

1. 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.
2. The election under Clause 1 of this Article shall be effective from either of:
   1. The commencement of the Tax Period in which the election is made.
   2. The commencement of the Tax Period following the Tax Period in which the election was made.