GTL Summary:

Article 68 is a standard legal repealing clause that ensures the supremacy of the new Corporate Tax Decree-Law. It formally states that any text or legislative provisions that are contrary to or inconsistent with the provisions of this Decree-Law are thereby abrogated, or cancelled. This clause is crucial for creating legal clarity and preventing conflicts with pre-existing laws or regulations. It establishes the Corporate Tax Law as the primary and definitive legislation governing the taxation of corporations and businesses within its defined scope in the UAE.