FAQ – Article 47 Foreign Tax Credit
Source: https://mof.gov.ae/corporate-tax-faq/
- Is a credit available for foreign tax paid on income that is also subject to UAE CT?
Yes. Foreign tax paid on income that is also subject to UAE CT can be deducted as a foreign tax credit from the UAE CT payable. The maximum foreign tax credit is the lower of the foreign tax paid and the UAE CT payable on the relevant income. Any excess foreign tax credit cannot be carried forward or back to a different Tax Period.
