UAE: Finance ministry announces OECD transitional qualified status for its domestic minimum top-up tax

UAE: Finance ministry announces OECD transitional qualified status for its domestic minimum top-up tax

Under the qualified status, the UAE’s DMTT provides certainty to MNE groups that no foreign tax will be applied to UAE profits and acceptance of the UAE top up tax liability by other countries

OECD Recognition of UAE Tax Rules Boosts Multinational Confidence

This cuts compliance burdens for multinational companies, aids global business hub status The UAE Ministry of Finance has announced that the Organisation for Economic Co-operation and Development (OECD) has granted the country’s Domestic Minimum Top-up Tax (DMTT) “Transitional Qualified Status”, listing it on the OECD’s official Central Record of Legislation. This recognition affirms the UAE’s commitment to aligning with international tax standa…