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Document Type: Tax Law Article
Law: CIT (FDL No 47 of 2022)
Article Number: 46
Country: 🇦🇪 UAE
Location: Chapter 13 - Calculation of Corporate Tax Payable
Order: 46

Article 46 - Withholding Tax Credit

Chapter 13 - Calculation of Corporate Tax Payable

Article 46 - Withholding Tax Credit

  1. If a Person becomes a Taxable Person in a Tax Period, the Person’s Corporate Tax due under Article 3 of this Decree-Law can be reduced by the amount of Withholding Tax Credit for that Tax Period.

  2. The maximum Withholding Tax Credit under this Decree-Law is the lower of:

    1. The amount of Withholding Tax deducted under Clause 2 of Article 45 of this Decree-Law.

    2. The Corporate Tax due under this Decree-Law.

  3. Any excess Withholding Tax Credit for a Tax Period as a result of Clause 2 of this Article shall be refunded to the Taxable Person in accordance with Article 49 of this Decree-Law.