This guide explains the preferential Corporate Tax regime for Free Zone Persons under Article 18. It defines a Qualifying Free Zone Person (QFZP) and details the conditions for the 0% tax rate on 'Qualifying Income,' including maintaining adequate substance and meeting de minimis thresholds. The guide distinguishes between Qualifying and Excluded Activities, clarifying the tax treatment of transactions with Free Zone versus Non-Free Zone Persons. It also explains how income is attributed to a Domestic Permanent Establishment under Article 14, ensuring proper application of the dual-rate system.
Free Zone Persons
Corporate Tax Guide | CTGFZP1
May 2024
Contents
1. Glossary
2. Introduction
2.1. Overview
2.2. Purpose of this guide
2.3. Who should read this guide?
2.4. How to use this guide
2.5. Legislative references
2.6. Status of this guide
3. Free Zone Corporate Tax rules: At a glance
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