GTL Summary:

Article 59 details the mechanism for seeking legal certainty from the Federal Tax Authority (FTA). It specifies that any Person can submit an application to the FTA for two primary purposes. First, to request a clarification on the application of the Corporate Tax Law to their specific existing or proposed circumstances. Second, to conclude an advance pricing agreement (APA) concerning a transaction or arrangement that has been proposed or already entered into. The article mandates that such applications must be made in the form and manner prescribed by the Authority, formalising taxpayer guidance.