FAQ – Article 19 Election to be subject to Corporate Tax
Source: https://mof.gov.ae/corporate-tax-faq/
- What is a Qualifying Free Zone Person?
To be treated as a “Qualifying Free Zone Person”, the Free Zone entity must:
- Maintain adequate substance in the UAE;
2. Derive “Qualifying Income” as specified in a Cabinet Decision;
3. Comply with transfer pricing rules and maintain the relevant transfer pricing documentation; and
4. Not have made an election to be subject to CT in full.