Press Release

International Tax Authority
Release Date:
Thursday, 4 April 2024 - 2:29pm

The latest update from the International Tax Authority regarding the Rules on Economic Substance (v4) as of 2 April 2024, has been released.

This particular update focuses on Rule 5, and notably excludes the United Arab Emirates from the list of jurisdictions without a corporate income tax system.

It is very important for entities to carefully consider the financial periods when claiming non-residence status in the United Arab Emirates.

Updated Rules can be found here: