An Unincorporated Partnership is a relationship established by contract between two Persons or more, such as a partnership or trust or any other similar association of Persons. ^[23]

Answer 'Yes' if you are a partner in an Unincorporated Partnership.

In answering this question, it does not matter whether the Unincorporated Partnership has had approval from the FTA to be treated as a separate Taxable Person or not.

For further information on Unincorporated Partnerships, see the Corporate Tax Guide on Taxation of Partnerships.

All Unincorporated Partnerships are required to register for Corporate Tax and will be issued a TRN. ^[24]

If you are a partner in one or more Unincorporated Partnerships, you must provide the TRNs for Corporate Tax purposes of all the Unincorporated Partnerships in which you are a partner.

Enter the amount of Turnover.

Turnover is the gross income derived during a Gregorian calendar year before any expenses are deducted. ^[25]For natural persons, Turnover excludes income from employment, Real Estate Investment and Personal Investment, regardless of the amount. ^[26]

You must aggregate the Turnover from all your Businesses and Business Activities.

For further information on how to calculate the Turnover from Business and Business Activities, see the Corporate Tax Guide on Taxation of Natural Persons under the Corporate Tax Law.

Answer 'Cash' or 'Accrual' depending on the accounting basis you chose to use.

While you are generally required to use the Accrual Basis of Accounting, you may choose to use the Cash Basis of Accounting: ^[27]

• if your Revenue does not exceed AED 3 million within the relevant Tax Period, or

• in exceptional circumstances and pursuant to an application submitted to the FTA.

When determining the threshold of AED 3 million, the amount of Revenue will be the same as the amount of your Turnover.

For further information about the Cash Basis of Accounting and the Accrual Basis of Accounting, see the Corporate Tax Guide on Accounting Standards and Interaction with Corporate Tax.

Pre-populated as 'Yes' or 'No' based on the information obtained from you during the Tax Registration process with respect to Business and Business Activities conducted in the UAE. However, you can edit the pre-populated answer.

This information is gathered only for reporting purposes and will not impact the determination of Taxable Income.

This question will be visible if you have answered 'Yes' in field 4.1.5.

The answer is pre-populated based on the information obtained from you during the Tax Registration process with respect to Business and Business Activities conducted in the UAE. However, you can edit the pre-populated answer. This information is gathered only for reporting purposes and will not impact the determination of Taxable Income.

Pre-populated based on the information obtained during the Tax Registration process. You can add more Businesses and Business Activities to the list.

Enter the percentage of income you have generated from each business sector. The total should equal 100%.

In broad terms, a natural person will be a Resident Person for Corporate Tax Purposes in the UAE if their Business or Business Activity is conducted in the UAE regardless of their nationality, subject to any relevant provisions of an applicable Double Taxation Agreement. This will be applicable even if the natural person resides outside of the UAE but has not invoked the application of an applicable Double Taxation Agreement.

If there is no Double Taxation Agreement in place between the UAE and the foreign country in which you reside, and you conduct a Business or Business Activity in the UAE, then you must answer 'Resident' to this question. This means you will be treated as a Resident Person for Corporate Tax purposes.

Alternatively, if you (the natural person) reside in another country that has an applicable Double Tax Agreement with the UAE, based on which you are not a UAE tax resident, but you conduct a Business inside the UAE through, for example, a Permanent Establishment, and the Turnover attributable to the Permanent Establishment exceeds AED 1 million within a Gregorian calendar year, then you will be a Non-Resident Person for UAE Corporate Tax purposes.

Answer 'Resident' or 'Non-Resident' as appropriate.

For further information, see the Corporate Tax Guide on Taxation of Natural Persons under the Corporate Tax Law.

This question will be visible if you have answered 'Non-Resident' to question 4.1.9

Select the country of tax residence from the drop-down list.

For further information, see the Corporate Tax Guide on Non-Resident Persons and the Corporate Tax Guide on Taxation of Natural Persons under the Corporate Tax Law.

An MNE Group refers to a group which has two or more companies whose tax residence is located in different jurisdictions and has a total consolidated group Revenue that is equal to or more than AED 3.15 billion during the fiscal year (i.e. Financial Year) immediately preceding the current Tax Period. ^[28]

Answer "Yes" if you are a member of an MNE Group. Otherwise, answer "No".

For further information on MNE Groups, see the Corporate Tax Guide on Transfer Pricing

An Unincorporated Partnership is a relationship established by contract between two Persons or more, such as a partnership or trust or any other similar association of Persons. ^[29]

Answer 'Yes' if you are a partner in an Unincorporated Partnership.

In answering this question, it does not matter whether the Unincorporated Partnership has received approval from the FTA to be treated as a separate Taxable Person or not.

For further information, see the Corporate Tax Guide on Taxation of Partnerships.

All Unincorporated Partnerships are required to register for Corporate Tax and will be issued a TRN. ^[30]

If you are a partner in one or more Unincorporated Partnerships, you must provide the TRNs for Corporate Tax purposes of all the Unincorporated Partnerships in which you are a partner.

Answer 'Yes' or 'No' as applicable.

This question only applies to the entities listed in the field. The Persons referred to in this question are particular categories of Exempt Persons and you should only answer 'Yes' if you fall into one of the categories mentioned in the field.

This question will only appear if you have answered 'Yes' to question 4.2.4, i.e. if you are a Government Entity, Government Controlled Entity, Extractive Business or Non-Extractive Natural Resource Business.

Answer 'Yes' or 'No' as applicable.

The purpose of this question is to determine whether any of the Exempt Persons to which this question applies conduct separate Businesses or Business Activities which fall within the scope of Corporate Tax (see Section 23.1). If you answer 'Yes' to this question, you will be required to complete the Tax Return in relation to such Businesses or Business Activities.

Enter your total/aggregate gross income from all sources before any expenses or reliefs.

While you are generally required to use the Accrual Basis of Accounting, you may use the Cash Basis of Accounting: ^[31]

• if your Revenue does not exceed AED 3 million within the relevant Tax Period, or

• in exceptional circumstances and pursuant to an application submitted to the FTA.

When determining Revenue, the aggregate gross income from all your Businesses and Business Activities must be taken into account.

Answer 'Cash' or 'Accrual' as appropriate.

For further information about the Cash Basis of Accounting and the Accrual Basis of Accounting, see the Corporate Tax Guide on Accounting Standards and Interaction with Corporate Tax.

Pre-populated as 'Yes' or 'No' based on information obtained from you with respect to your Business and Business Activities during the Tax Registration process. However, you can edit the pre-populated answer.

This question and the subsequent related questions are raised in order to gain a further understanding of your Business Activities (for example, if the Taxable Person such as a company has more than one Business division) and will not impact the determination of Taxable Income.

This question will be visible if you have answered 'Yes' to question 4.2.8.

The answer is pre-populated based on information obtained from you with respect to your Business and Business Activities during the Tax Registration process. However, you can edit the pre-populated answer.

Pre-populated based on the information obtained during the Tax Registration process. You can add more Businesses and Business Activities to the list.

Enter the percentage of income you have generated from each business sector. The total should equal 100%.

The answer to this question will be pre-populated as 'Yes' or 'No' based on the information obtained during the Tax Registration process. It will be answered 'Yes', where the Taxable Person is incorporated or established, either in the UAE mainland or in a Free Zone, and if not incorporated or established in the UAE mainland or a Free Zone, the answer will be 'No'.

If the answer to this question is 'Yes', go to field 4.2.13 (i.e. in the next field). If the answer to this question is 'No', go to field 4.2.16.

This question will be visible if the answer to question 4.2.12 is 'Yes'.

In broad terms, a juridical person can be incorporated and considered resident in the UAE, but in terms of an applicable Double Taxation Agreement, it can potentially be a tax resident in another jurisdiction (for example, if its place of effective management is in another jurisdiction or based on the mutual agreement procedure between the competent authorities of the UAE and the other jurisdiction that is a party to an applicable Double Taxation Agreement).

Based on the above principles, this should be answered 'Yes' where:

• you meet the residency criteria of the Double Taxation Agreement in relation to the foreign jurisdiction, or

• you meet the residency criteria of the Double Taxation Agreement for both the foreign jurisdiction and the UAE, but the 'tie breaker' rules in the Double Taxation Agreement make you a tax resident in the foreign jurisdiction.

If not, or if there is no Double Taxation Agreement in place, then answer 'No'. In such case, you are a juridical person that is a Resident Person for Corporate Tax purposes and you go to Section 4.3.

Where this is uncertain, for instance, because the UAE and other tax authorities are trying to resolve, or have not resolved, the matter and if you are incorporated in the UAE, you should answer 'No' in this field. You will, therefore, be treated as a Resident Person in the UAE for Corporate Tax purposes.

For further information, see the Tax Procedures Guide on Tax Resident and Tax Residency Certificate and the Corporate Tax Guide on Non-Resident Persons.

This question will be visible if the answer to question 4.2.13 is 'Yes'.

Select the country of residence from the drop-down list.

This question will be visible if you answered 'Yes' to question “Is the Taxable Person tax resident in a foreign jurisdiction under an applicable Double Taxation Agreement?”. In such case, you must consider whether you are a Non-Resident Person for Corporate Tax purposes, for example, on the basis that you have a nexus in the UAE because you earn income from any Immovable Property in the UAE, or you have a Permanent Establishment in the UAE.

Answer 'Yes' or 'No' as applicable.

If the answer to this question is 'Yes', go to field 4.2.20. If the answer to this question is 'No', go to Section 11 (Review and Declaration).

For further information, see the Corporate Tax Guide on Non-Resident Persons.

This question will be visible if you answered 'No' to field 4.2.12.

The concept of place of effective management and control is similar to the place of effective management as contemplated in the OECD Model Tax Convention.

For further information on place of effective management and control, see the Tax Procedures Guide on Tax Resident and Tax Residency Certificate.

Answer 'Yes' or 'No' as applicable.

If the answer to this question is 'Yes', go to field 4.2.17.

If the answer to this question is 'No', then you will be treated as a juridical person that is a Non-Resident Person for Corporate Tax purposes and you go to question 4.2.19.

This question will be visible if the answer to question 4.2.16 is 'Yes'.

If residence is deemed to be in the foreign jurisdiction under the Double Taxation Agreement, answer 'Yes' to this question. If not, or if there is no Double Taxation Agreement in place, then answer 'No'.

If the answer to this question is 'Yes', go to field 4.2.18.

If the answer to this question is 'No', then you are a juridical person that is a Resident Person for Corporate Tax purposes and go to Section 4.3.

For further information, see the Tax Procedures Guide on Tax Resident and Tax Residency Certificate and the Corporate Tax Guide on Non-Resident Persons.

This question will be visible if the answer to question 4.2.17 is 'Yes'.

Select the country of residence from the drop-down list.

Pre-populated based on the information obtained during the Tax Registration process.

Please select the basis on which you are a Non-Resident Person within the scope of Corporate Tax in the UAE.

Answer 'Yes' or 'No' as applicable.

This should be answered 'Yes' where:

• you are incorporated in a Free Zone, or

• you are incorporated outside of a Free Zone (for instance, in the UAE mainland or a foreign country), but you have a branch registered in a Free Zone.

This is asking whether you choose to forego the possibility of being subject to Corporate Tax at the 0% rate for Qualifying Income of a Qualifying Free Zone Person and are instead electing to be subject to the standard Corporate Tax rates under the Corporate Tax Law on your Taxable Income. ^[32]

Making the election prevents you from being a Qualifying Free Zone Person, and thus you cannot benefit from the 0% rate for the current and next 4 Tax Periods.^[33]

After this election is made (either outside of the Tax Return or when completing your Tax Return), this question will not appear for these subsequent periods.

Answer 'Yes' or 'No' as applicable.

If the answer to this question is 'Yes', go to Section 5. (Elections).

If the answer to this question is 'No', go to question 4.3.3.

If you have addressed this election outside the Tax Return, this field will not appear in your Tax Return.

This question will be visible if you have answered 'Yes' to question 4.3.2.

Answer ‘Yes’ or ‘No’ as applicable.

If the answer to this question is ‘Yes’, complete the Free Zone schedule (go to Section 12). If the answer to this question is ‘No’, you cannot benefit from the 0% rate for the current and 4 next Tax Periods. ^[34]

For further information on the requirements, see the Corporate Tax Guide on Free Zone Persons.

An MNE Group is a group which has two or more companies whose tax residence is located in different jurisdictions and has a total consolidated group Revenue that is equal to or more than AED 3.15 billion during the fiscal year (i.e. Financial Year) immediately preceding the current Tax Period. ^[35]

Answer ‘Yes’ if you are a member of an MNE Group. Otherwise, answer ‘No’.

For further information, see the Corporate Tax Guide on Transfer Pricing.

An Unincorporated Partnership is a relationship established by contract between two Persons or more, such as a partnership or trust or any other similar association of Persons. ^[36]

Answer ‘Yes’ if you (i.e. the Unincorporated Partnership treated as a separate Taxable Person) are a partner in one or more Unincorporated Partnerships.

In answering this question, it does not matter whether the Unincorporated Partnership that you are a partner in has received approval from the FTA to be treated as a separate Taxable Person or not.

For further information, see the Corporate Tax Guide on Taxation of Partnerships.

All Unincorporated Partnerships are required to register for Corporate Tax and will be issued a TRN. ^[37]

If you are a partner in one or more Unincorporated Partnerships, you must provide the TRNs for Corporate Tax purposes of all the Unincorporated Partnerships in which you are a partner.

Enter your total/aggregate gross income from all sources before any expenses or reliefs.

While you are generally required to use the Accrual Basis of Accounting, you may use the Cash Basis of Accounting: ^[38]

• if your Revenue does not exceed AED 3 million within the relevant Tax Period, or

• in exceptional circumstances and pursuant to an application submitted to the FTA.

Answer ‘Cash’ or ‘Accrual’ as appropriate.

For further information about the Cash Basis of Accounting and the Accrual Basis of Accounting, see the Corporate Tax Guide on Accounting Standards and Interaction with Corporate Tax.

Pre-populated as ‘Yes’ or ‘No’ based on information obtained from you during the Tax Registration process with respect to Business and Business Activities conducted in the UAE. However, you can edit the pre-populated answer.

This information is gathered only for reporting purposes and will not impact the determination of Taxable Income.

This question will be visible if you have answered ‘Yes’ to question4.4.6.

The answer is pre-populated based on the information obtained from you during the Tax Registration process with respect to Business and Business Activities conducted in the UAE. However, you can edit the pre-populated answer. This information is gathered only for reporting purposes and will not impact the determination of Taxable Income.

Pre-populated based on the information obtained during the Tax Registration process. You can add more Businesses and Business Activities to the list.

Enter the percentage of income you have generated from each business sector. The total should equal 100%.

An MNE Group refers to a group which has two or more companies whose tax residence is located in different jurisdictions and the total consolidated group Revenue of the group is equal to or more than AED 3.15 billion during the fiscal year (i.e. Financial Year) immediately preceding the current Tax Period. ^[39]

Answer ‘Yes’ if any member of the Tax Group is a member of an MNE Group.

For further information, see the Corporate Tax Guide on Tax Groups.

An Unincorporated Partnership is a relationship established by contract between two Persons or more, such as a partnership or trust or any other similar association of Persons. ^[40]

Answer ‘Yes’ if any member of the Tax Group is a partner in an Unincorporated Partnership.

In answering this question, it does not matter whether the Unincorporated Partnership has received approval from the FTA to be treated as a separate Taxable Person or not.

For further information on Unincorporated Partnerships, see the Corporate Tax Guide on Taxation of Partnerships.

All Unincorporated Partnerships are required to register for Corporate Tax and will be issued a TRN. ^[41]

If any member of a Tax Group is a partner in one or more Unincorporated Partnerships, you must provide the TRNs for Corporate Tax purposes of all the Unincorporated Partnerships in which a member of a Tax Group is a partner.

Enter the consolidated Revenue of the Tax Group during the Tax Period. Consolidated Revenue of the Tax Group is the aggregate Revenue (i.e. gross income from all sources before any expenses or reliefs) of all members of the Tax Group after eliminating Revenue earned from transactions between members of the Tax Group.

While you are generally required to use the Accrual Basis of Accounting, you may use the Cash Basis of Accounting: ^[42]

• if your consolidated Revenue (i.e. consolidated Revenue of all members of the Tax Group) does not exceed AED 3 million within the relevant Tax Period, or

• in exceptional circumstances and pursuant to an application submitted to the FTA.

Consolidated Revenue of the Tax Group is the aggregate Revenue (i.e. gross income from all sources before any expenses or reliefs) of all members of the Tax Group after eliminating Revenue earned from transactions between members of the Tax Group.

Answer ‘Cash’ or ‘Accrual’ as appropriate.

For further information about the Cash Basis of Accounting and the Accrual Basis of Accounting, see the Corporate Tax Guide on Accounting Standards and Interaction with Corporate Tax.

Answer ‘Yes’ or ‘No’ as applicable considering the Business or Business Activities conducted by all members of the Tax Group.

This question and the subsequent related questions are raised in order to gain a further understanding of your Business Activities and will not impact the determination of Taxable Income.

This question will be visible if you have answered ‘Yes’ to question 4.5.6.

Enter the number of separate Businesses or Business Activities conducted by all the members of the Tax Group during the Tax Period. This information is gathered only for reporting purposes.

Pre-populated based on the information obtained during the Tax Registration process. You can add more Businesses and Business Activities to the list.

Enter the percentage of income you have generated from each business sector. The total should equal 100%.

Answer ‘Yes’ or 'No’ as applicable.

This election can only be made at the time of submitting your first Tax Return and cannot be made in a subsequent Tax Period. ^[45] It is irrevocable except under exceptional circumstances, pursuant to approval by the FTA. ^[46]

If you use the Cash Basis of Accounting, the election is not available. Therefore, this question will not appear for you if in response in the relevant field in your Tax Return (see Section 4), you state that your Financial Statements are prepared under the cash basis.

If you have received approval from the FTA to revoke a previous election, you cannot make another election in a future Tax Return.

If you are a Tax Group, you can make an independent election during your first Tax Period. If any of your members had a first Tax Period before the Tax Group is formed, the members will forfeit their election and subsequently follow the decision of the Tax Group. Even when a new Subsidiary joins the Tax Group, the decision of the Tax Group applies to the newly joined Subsidiary, even if the Subsidiary’s decision was different before joining the Tax Group.

If you cease to be a member of a Tax Group or the Tax Group ceases to exist, you are required to follow the same election as the Tax Group. Hence, the election made by the Tax Group of which you were formerly a member will be pre-populated here.

If you are a Bank or Insurance Provider in the UAE, answer ‘Yes’. This determines the assets and liabilities to which the election applies.

If you are a Tax Group, answer ‘Yes’ if any member is a Bank or Insurance Provider.

Select ‘A’ or ‘B’ as appropriate.

For Banks and Insurance Providers (or a Tax Group which includes a member that is a Bank or Insurance Provider), only option B is available. ^[47]

Answer ‘Yes’ or ‘No’ as applicable.

This election can only be made when filing your first Tax Return. ^[49] With the exception of Qualifying Immovable Property, where it is possible to make the election for individual assets, the election applies to all relevant categories of assets and/or liabilities.

This election is not available if you use the Cash Basis of Accounting. Hence, this question will not be visible if you answered ‘Cash’ to the question ‘Has the Taxable Person’s Financial Statements been prepared under the cash or accrual basis’ in Taxable Person details (seeSection 4).

If you are a Tax Group, the election for transitional rules works as follows:

1. If none of your members had a first Tax Period before joining the Tax Group, you (i.e. the Tax Group) can independently elect for transitional rules in your first Tax Period.

2. If any of your members had a first Tax Period before joining the Tax Group and your members previously made elections in relation to certain assets, then the relevant election will continue to apply only to such assets in the Tax Group.

If you were a member of a Tax Group referred to in scenario (a) above but left the Tax Group or the Tax Group ceases to exist, you are required to follow the same election as the Tax Group. Hence, the election made by the Tax Group of which you were formerly a member, will be pre-populated here.

If you were a member of a Tax Group referred to in scenario (b) above but left the Tax Group or the Tax Group ceases to exist, you will continue with the same elections which you made on a standalone basis prior to joining the Tax Group.

This is pre-populated based on your answer provided in Taxable Person information (see Section 4).

Answer ‘Yes’ or 'No’ as applicable. You will not see this question in the Tax Return, if you are not eligible for Small Business Relief, assuming that all the questions in Section 4were answered correctly.

Answer ‘Yes’ or ‘No’ as applicable.

Answer ‘Yes’ or ‘No’ as applicable. This is pre-populated as ‘Yes’ if you have previously made the election, unless the FTA has approved an application by you to revoke the election previously made.

If you are a Tax Group, you can make the election and the election made by you will apply to all your members, including newly joined Subsidiaries. However, if you (i.e. the Tax Group) do not make the election for the relief, this must be populated as ‘Yes’ if a new Subsidiary has joined the Tax Group which has previously made the election for relief for transfers within a Qualifying Group.

Similarly, if you were a member of a Tax Group but have left the Tax Group or the Tax Group ceased to exist and the Tax Group had made an election for relief for transfers within a Qualifying Group, this must be populated as ‘Yes’.

Answer ‘Yes’ or 'No’ as applicable depending on whether or not the conditions of Business Restructuring Relief are satisfied.

Answer ‘Yes’ or 'No’ as applicable. This election will only apply to the Business restructuring transaction in respect of which the election is made.

Answer ‘Yes’ or ‘No’ as applicable.

Answer ‘Yes’ or ‘No’ as applicable. If you respond ‘Yes’ to this question, then you will be guided to complete the relevant schedule in order to determine if you qualify for this exemption (seeSection 14).

‘Audit’ refers to an opinion issued by an independent external auditor. For entities incorporated in the UAE, (or operating in the UAE through a Permanent Establishment situated in the UAE), the audit must be performed by a UAE-registered auditor, pursuant to Federal Law No. 41 of 2023 on the Regulation of the Auditing Profession and its amendments, read together with Ministerial Resolution No. 403 of 2015 concerning the International Standards for the Auditing Profession, or any other applicable legislation.

Answer ‘Yes’ or ‘No’ as applicable.

Taxable Persons deriving Revenue exceeding AED 50 million during the relevant Tax Period and all Qualifying Free Zone Persons (irrespective of the level of Revenue) are required to prepare and maintain audited Financial Statements for the purposes of the Corporate Tax Law. ^[63] If you are a Taxable Person that falls in any of these categories, this field will be pre-populated as ‘Yes’.

If you answer ‘Yes’ to question 6.2.1, this question will be visible.

Select the relevant answer from the dropdown menu. This relates to whether the audit opinion was qualified or unqualified.

Enter the name of the auditor who has audited the Financial Statements.

Enter a net profit as a positive value or a net loss as a negative value.

If you are a juridical person that is a Resident Person, enter the accounting net profit or loss for the relevant Tax Period as per your Financial Statements.

If you are a juridical person that is a Non-Resident Person enter the accounting net profit or loss for the relevant Tax Period as per your Financial Statements relating to the Permanent Establishment or nexus in the UAE, as the case may be.

If you are a natural person, enter the accounting net profit or loss for the relevant Tax Period as per your Financial Statements relating to your Business or Business Activity conducted in the UAE.

If you are a Qualifying Free Zone Person your Accounting Income must be split between Qualifying Income and other income (subject to Corporate Tax at the rate of 9%). The Accounting Income figure attributable to Qualifying Income should include all revenue relating to Qualifying Income less expenditure incurred by you in deriving such Qualifying Income. The Accounting Income figure attributable to other income (subject to Corporate Tax at the rate of 9%), should be the amount of Revenue less the amount of expenditure derived by you which is subject to Corporate Tax at a rate of 9%. You will need to determine this split before you complete your Tax Return.

If you are a Tax Group, enter the Accounting Income after aggregating the financial results of all members of the Tax Group, and eliminating transactions between members of the Tax Group. ^[64]

Under the Equity Method of Accounting an investor normally records (i) Dividends received as a reduction in the carrying value of the investment and (ii) its share of an investment’s earnings in its income statement (irrespective of whether those earnings have been distributed). These amounts must be disregarded in the determination of Taxable Income ^[65] and thus require an adjustment as explained below.

Answer ‘Yes’ or ‘No’ as applicable.

For further information, see the Corporate Tax Guide on Accounting Standards and Interaction with Corporate Tax.

Enter the amount recorded in your income statement in your Financial Statements as share of profit/ loss of the investment. Where this amount includes a Dividend actually declared, the amount to be input here should exclude such Dividend. In other words, the adjustment to the Accounting Income by virtue of the Equity Method of Accounting should exclude Dividends actually declared.

By way of example, if the change in share of profit/loss of investment as recorded in the income statement of the Taxable Person is AED 100 million and this includes a Dividend declared of AED 30 million, then the amount inputted here should be AED 70 million. The impact to Accounting Income is that no adjustment should be made here in relation to Dividends actually declared. Any adjustment to Dividends actually declared should be made in the ‘UAE Dividends’ Schedule (see Section 13 or the ‘Participation Exemption’ Schedule (see Section 18) as applicable.

Thus, if the Dividend is received by a juridical person that is a Resident Person, then such Dividend should be included in the ‘UAE Dividends’ Schedule as it is Exempt Income ^[66] (see Section 13). If it is a Dividend received from a Participating Interest that is not a Resident Person, it is Exempt Income under Participation Exemption ^[67] and must be adjusted for in the ‘Participation Exemption’ Schedule (see Section 18).

If the Dividend income is not an Exempt Income, then no further adjustment is required.

This question will be visible only if you answered ‘Yes’ to question “Is the Taxable Person a partner in one or more Unincorporated Partnerships” in Taxable Person details (see Section 4).

If you are a partner in an Unincorporated Partnership that is treated as a separate Taxable Person, your distributive share of the Accounting Income of the Unincorporated Partnership, which has been included in your Accounting Income, must be disregarded in the determination of your Taxable Income ^[69] and you must respond ‘Yes’ to this question.

Answer ‘Yes’ or ‘No’ as applicable.

For further information, see the Corporate Tax Guide on Taxation of Partnerships.

If you answer ‘Yes’ to the question 7.3.1, you will be asked to complete these fields.

Enter the aggregate amount you derived from all Unincorporated Partnerships treated as separate Taxable Persons during the Tax Period.

Enter the respective gain or loss arising in respect of the transfer, sale, or other disposal of an ownership interest (or part thereof) in an Unincorporated Partnership treated as a separate Taxable Person, provided that the ownership interest meets all the conditions of the Participation Exemption. ^[70]

For further information, see the Corporate Tax Guide on Taxation of Partnerships.

Answer ‘Yes’ or ‘No’ as applicable. If you respond ‘Yes’ to this question, you will be directed to the ‘Income/Losses which will not subsequently be reported in the income statement’ Schedule (see Section 22.1).

These fields are pre-populated from the ‘Income/Losses which will not subsequently be reported in the income statement’ Schedule (see Section 22.1).

If you have elected for realisation basis under Article 20(3) of the Corporate Tax Law, any unrealised gain or loss which is recognised in the Financial Statements but not in the income statement should not be included here as it is not already recognised in Accounting Income and accordingly, does not require an adjustment to the Accounting Income.

Answer ‘Yes’ or ‘No’ as applicable.

If you respond ‘Yes’, you will be directed to complete the ‘Unrealised gains/losses’ Schedule (see Section 22.2).

These fields are pre-populated from the ‘Unrealised gains/losses’ Schedule (see Section 22.2).

Answer ‘Yes’ or ‘No’ as applicable.

This question and the next fields will not be visible in the Tax Return pertaining to your first Tax Period.

These fields are pre-populated from the ‘Deferred gains or losses’ Schedule (see Section 22.3).

Enter the amount of depreciation, amortisation or other change in the value of assets (other than Financial Assets) to the extent that it relates to a change in net book value exceeding the original cost of that asset. ^[74] In case of Financial Assets, enter the amount of amortisation or change in the value of a Financial Asset. ^[75]

If there is a subsequent realisation of an asset in respect of which the depreciation was adjusted for as above, then such an adjusted amount should be reflected in the next field.

This applies for any other adjustment, including any amount of depreciation that has been adjusted in respect of an asset in a previous period that has now been realised. ^[76]

This field can be marked as ‘0’ if there is no further adjustment required in relation to the application of the realisation basis.

Describe the reason(s) for the other adjustments, if applicable.

This will be pre-populated as ‘No’ if you answered ‘Cash’ to question ‘Has the Taxable Person’s Financial Statements been prepared under the cash or accrual basis’ in Taxable Person details (seeSection 4). Also, the rest of the questions on transitional rules will not be asked to you.

If you follow the Accrual Basis of Accounting, answer ‘Yes’ or ‘No’ as applicable.

Answer ‘Yes’ or ‘No’ as applicable.

This is pre-populated from the ‘Qualifying Immovable Properties’ Schedule (see part A of Section 21).

Answer ‘Yes’ or ‘No’ as applicable.

This is pre-populated from the ‘Qualifying Intangible Assets’ Schedule (see part B of Section 21).

Answer ‘Yes’ or ‘No’ as applicable.

This is pr

A Dividend received from a juridical person that is a Resident Person is always Exempt Income for Corporate Tax purposes with no further conditions. ^[80]

Answer ‘Yes’ or ‘No’ as applicable.

Answer ‘No’ if you are a natural person and all Dividends and profit distributions relate to your Personal Investment activities since Personal Investment income of a natural person is not subject to Corporate Tax. ^[81]

This is pre-populated from the ‘UAE Dividends’ Schedule (see Section 13).

Answer ‘Yes’ or ‘No’ as applicable.

If you answer ‘Yes’ to question 7.7.3 you will be required to complete the ‘Participation Exemption’ Schedule (see Section 18). As part of completing this Schedule, you must assess whether the Participation Exemption is available in relation to a particular ownership interest held by you.

For further information, including the definition of a Participating Interest, see the Corporate Tax Guide on Exempt Income: Dividends and Participation Exemption.

If the conditions of the Participation Exemption are met, the following income and losses shall not be taken into account in determining Taxable Income:^[82]

• Dividends and other profit distributions from a foreign Participation,

• capital gains/losses on a sale or transfer of a UAE or foreign Participation, and foreign exchange differences and impairments in respect of a UAE or foreign Participation.

This is pre-populated from the ‘Participation Exemption’ Schedule (see Section 18).

Enter the amount of any income or loss previously not taken into account in the determination of Taxable Income, by virtue of the Participation Exemption because you intended to hold the Participation for a period of at least 12 months, but where you did not in fact hold that Participation for at least 12 months. ^[83]

This is pre-populated from the ‘Foreign Permanent Establishment’ Schedule (see Section 14). If you have made an election for the Foreign Permanent Establishment exemption (see Section 5.6), net income or loss of eligible Foreign Permanent Establishments will be excluded in the determination of Taxable Income.

Answer ‘Yes’ or ‘No’ as applicable.

This is pre-populated based on information provided in Taxable Person details in Section 4.

Enter the amount or enter ‘0’ if there is no such income/expenditure.

This question will only be visible if, in the ‘Elections’ part of the Tax Return, you have answered ‘Yes’ for:

• election for relief for transfers within a Qualifying Group, and

• transfer of capital assets and/or liabilities to another member of the same Qualifying Group in the current Tax Period.

Answer ‘Yes’ or ‘No’ as applicable. If you answer ‘Yes’, you will be directed to complete the Schedule on ‘Transfers within the Qualifying Group’ (see part A of Section 20).

1. there has been a subsequent transfer of assets or liabilities outside the Qualifying Group, or

2. the Transferor or Transferee cease to be a member of the same Qualifying Group.

Answer ‘Yes’ if you are a Transferor or Transferee in a transaction that was previously subject to the relief for transfers within a Qualifying Group and situation (a) or (b) occurred in the current Tax Period. Otherwise, answer ‘No’. If you answer ‘Yes’, you will be directed to complete the Schedule on ‘Transfers within a Qualifying Group’ (see part A of Section 20).

This question applies to you if you are the Transferee in relation to the transaction to which the relief applies. Answer ‘Yes’ or ‘No’ as applicable. If you answer ‘Yes’, you will be directed to complete the Schedule on ‘Transfers within a Qualifying Group’ (see part A of Section 20)

This field applies to you if you are a Transferor who has made a transfer within a Qualifying Group in the current Tax Period and have elected for the relief. The amount is pre-populated from the ‘Transfers within a Qualifying Group’ Schedule (see part A of Section 20).

Upon clawback of the relief within the Qualifying Group, any gain or loss on transfer of an asset or liability which was not previously taken into account shall be taken into account for the purposes of calculating the Taxable Income of the Transferor (or the Transferee, where the Transferor has ceased to be a Taxable Person) ^[86]for the Tax Period in which the circumstances of clawback occur (see question 8.1.2). ^[87]

This adjustment applies to you if:

• you are the Transferor in the transaction for which the relief is clawed back, or

• you are the Transferee in the transaction for which the relief is clawed back and the Transferor ceased to be a Taxable Person.

This amount is pre-populated from the ‘Transfers within Qualifying Group’ Schedule (see part A of Section 20).

In cases other than realisation, the Transferee is required to adjust its Taxable Income to exclude depreciation, amortisation or other change in the value of the transferred assets and liabilities to the extent that it relates to the gain or loss that arose in the hands of the Transferor and was not recognised for Corporate Tax purposes as a result of relief for transfers within a Qualifying Group. ^[88]

If you are a Transferee and you have made a revaluation of the transferred asset or liability (revaluation other than in case of realisation) and not elected for realisation basis, enter here the amount of unrealised gain or loss (for example, revaluations and impairments) to the extent it relates to a gain or loss that was not taxed in the hands of the Transferor as a result of the relief for transfers within a Qualifying Group. If you have elected for realisation basis, the unrealised gain or loss should be included in the ‘Unrealised gains/losses’ Schedule.

Do not provide the adjustment for depreciation here. The adjustment in respect of depreciation is to be entered in fields 8.1.10/8.1.11 below.

Upon realisation of an asset or liability which was subject to relief for transfers within a Qualifying Group and such realisation did not trigger clawback of the relief, the Transferee is required to include the following amounts while determining its Taxable Income: ^[89]

1. amount excluded earlier in respect of depreciation, amortisation or other change in the value of an asset or a liability prior to realisation, and

2. any amount of gain or loss which was not recognised by the Transferor for Corporate Tax purposes.

If you are a Transferee which is realising an asset or liability which was subject to relief for transfers within a Qualifying Group and such realisation did not trigger clawback of the relief, enter the amount of such gains/losses realised (i.e. the adjustment in respect of (b) above). Enter ‘0’ if not applicable.

Do not provide the adjustment for depreciation here. The adjustment in respect of depreciation is to be entered in fields 8.1.10/8.1.11 below.

These fields apply to you if you are the Transferee in relation to the transaction to which the relief for transfers within a Qualifying Group applies.

Enter the amount of adjustments to depreciation referred to under the fields 8.1.6/8.1.7 and 8.1.8/8.1.9.

Any adjustments to depreciation which must be made by the Transferee on clawback of the relief, should be reflected in the next field.

Where the relief for transfer within a Qualifying Group is clawed back, the Transferee is required to make the necessary adjustments to the Taxable Income during the relevant Tax Period in clawback applies to reverse any depreciation, amortisation or other change in the value of an asset or liability that has been previously adjusted by the Transferee. ^[90]

If you are a Transferee who received assets or liabilities which were subject to the relief but the relief was clawed back, enter the amount of adjustment here.

Enter a description of the adjustments.

This question will only be visible if, in the ‘Elections’ part, you have made an election to apply Business Restructuring Relief (see Section 5.5).

Answer ‘Yes’ or ‘No’ as applicable. If you answer ‘Yes’, you will be directed to complete the Schedule on ‘Business Restructuring Relief’ (see part B of Section 20).

The Business Restructuring Relief is clawed back if within 2 years from the date of initial transfer, any of the following occurs: ^[91]

1. the shares or other ownership interests in the Taxable Person that is the Transferor or the Transferee are sold, transferred or otherwise disposed of, in whole or part, to a Person that is not a member of the Qualifying Group to which the relevant Taxable Person belong, or

2. there is a subsequent transfer or disposal of the transferred Business or the independent part of the Businesses.

Answer ‘Yes’ if you are a Transferor or Transferee in a transaction that was previously subject to the Business Restructuring Relief and the situation referred to in (a) or (b) occurred in the current Tax Period. Otherwise, answer ‘No’. If you answer ‘Yes’, you will be directed to complete the Schedule on ‘Business Restructuring Relief’ (see part B of Section 20).

This question applies to you if you are the Transferee in relation to the transaction to which the Business Restructuring Relief applies. Answer ‘Yes’ or ‘No’ as applicable. If you answer ‘Yes’, you will be directed to complete the Schedule on ‘Business Restructuring Relief’ (see part B of Section 20).

This field applies to you if you are a Transferor who has transferred a Business or an independent part of a Business in the current Tax Period and have elected for the relief. This is pre-populated from the ‘Business Restructuring Relief’ Schedule (see part B of Section 20).

Upon clawback of the Business Restructuring Relief, any gain or loss on transfer of Business or an independent part of Business which was not previously taken into account shall be taken into account for the purposes of calculating the Taxable Income of the Transferor (or the Transferee, where the Transferor has ceased to be a Taxable Person or the Transferor is a natural person) ^[92] for the Tax Period in which the circumstances of clawback occur (see question 8.2.2). ^[93]

This adjustment applies to you if:

• you are the Transferor in the business restructuring transaction for which the relief is clawed back, or

• you are the Transferee in the business restructuring transaction for which the relief is clawed back and the Transferor ceased to be a Taxable Person or Transferor is a natural person.

This is pre-populated from the ‘Business Restructuring Relief’ Schedule (see part B of Section 20).

These fields apply to you if you are the Transferee in a business restructuring transaction to which the Business Restructuring Relief was applied.

In cases other than realisation, the Transferee is required to adjust its Taxable Income to exclude depreciation, amortisation or other change in the value of the assets and liabilities received under the relief to the extent that it relates to the gain or loss that arose in the hands of the Transferor and was not recognised for Corporate Tax purposes as a result of Business Restructuring Relief. ^[94]

If you are a Transferee and you have made a revaluation of an asset or liability which was received under a transaction subject to the Business Restructuring Relief (revaluation other than in case of realisation) and you have not elected for realisation basis, enter here the amount of unrealised gain or loss (for example, revaluations and impairments) to the extent it relates to a gain or loss that was not taxed in the hands of the Transferor as result of the Business Restructuring Relief. If you have elected for realisation basis, the unrealised gain or loss should be included in the ‘Unrealised gains/losses’ Schedule.

Do not provide the adjustment for depreciation here. The adjustment in respect of depreciation is to be entered in fields 8.2.10/8.2.11 below.

Also, do not include any clawback of Tax Losses. Instead, this should be adjusted for in the 'Tax Losses’ Schedule.

These fields apply to you if you are the Transferee in a business restructuring transaction to which the Business Restructuring Relief was applied.

Upon realisation of an asset or liability which previously benefited from Business Restructuring Relief and where such realisation did not trigger clawback of the relief, the Transferee is required to include the following amounts while determining its Taxable Income: ^[95]

1. amount excluded earlier in respect of depreciation, amortisation or other change in the value of an asset or a liability prior to realisation, and

2. any amounts of gain or loss which was not recognised by the Transferor for Corporate Tax.

If you are a Transferee who has realised an asset or liability which was subject to Business Restructuring Relief and such realisation did not trigger clawback of the relief, enter the amount of such gains/losses which have now been realised (i.e. the adjustment in respect of (b) above). Enter ‘0’ if not applicable.

Do not provide the adjustment for depreciation here. The adjustment in respect of depreciation is to be entered in fields 8.2.10/8.2.11 below.

These fields apply to you if you are the Transferee in a business restructuring transaction to which the Business Restructuring Relief was applied.

Enter the amount of adjustments to depreciation referred to in fields 8.2.6/8.2.7 and 8.2.8/8.2.9.

Any adjustments to depreciation which must be made by the Transferee on clawback of the relief, should be reflected in the next field.

Where the Business Restructuring Relief is clawed back, the Transferee is required to make the necessary adjustments to the Taxable Income during the relevant Tax Period in which the clawback applies to reverse any depreciation, amortisation or other change in the value of an asset or liability that has been previously adjusted by the Transferee. ^[96]

If you are a Transferee in relation to the business restructuring transaction for which the relief is clawed back, enter the amount in respect of such adjustment

Enter a description of the adjustments, if applicable.

Enter the amount of contributions made to a private pension fund in respect of your employees in the Tax Period to the extent those contributions: ^[98]

• were not paid in the Tax Period, and/or

• exceeded 15% of an employee’s total remuneration for the relevant Tax Period.

For further information, see the Corporate Tax Guide on Determination of Taxable Income.

Enter the amount of charitable donations, grants or gifts made during the Tax Period to any recipient that is not a Qualifying Public Benefit Entity. ^[99]

The amount cannot exceed the amount of 'donations' reported in the ‘Accounting’ Schedule (see Section 6).

Enter the amount paid as Dividends, profit distributions or benefits of a similar nature to your owners during the Tax Period. ^[101] This would be relevant, for example, where a Taxable Person has expensed out Dividends, profit distributions or benefits of a similar nature in its Financial Statements.

Enter the total amount of expenses not incurred solely for Business purposes during the Tax Period. ^[103] If an expenditure is incurred for more than one purpose, enter the portion of the expenditure that cannot be deducted, i.e. the portion of the expenditure which was not incurred wholly and exclusively for Business purposes. ^[104]

For further information, see the Corporate Tax Guide on Determination of Taxable Income.

Provide a description and/or the category(ies) of non-deductibility, if applicable.

Answer ‘Yes’ or ‘No’ as applicable. If you answer ‘Yes’, you will be directed to complete the Schedule on ‘Interest capping’ (see Section 19).

If you answer ‘No’, the General Interest Deduction Limitation Rule does not apply for this Tax Period.

This field is applicable to all Taxable Persons. Enter the amount for the Tax Period, if any.

Under the Specific Interest Deduction Limitation Rule, Interest expenditure incurred on a loan obtained directly or indirectly from a Related Party in relation to the following transactions, is not deductible and must be added back in the determination of Taxable Income: ^[115]

• a Dividend or profit distribution to a Related Party,

• a redemption, repurchase, reduction or return of share capital to a Related Party,

• a capital contribution to a Related Party, and

• the acquisition of an ownership interest in a Person who is or becomes a Related Party following the acquisition.

The above restriction on deductibility will not apply where the Taxable Person can demonstrate that the main purpose of obtaining the loan and carrying out the relevant transaction is not to gain a Corporate Tax advantage. ^[116]

To determine who is a ‘Related Party’, see the Corporate Tax Guide on Transfer Pricing.

Answer ‘Yes’ or ‘No’ as applicable.

To determine who is a ‘Related Party’, see the Corporate Tax Guide on Transfer Pricing.

Enter the aggregate value of transfer pricing adjustments that increase the Taxable Income (i.e. upward adjustments). This should not be netted off against transfer pricing adjustments that decrease the Taxable Income (i.e. downward adjustments).

If you are required to complete the ‘Related Party transactions’ Schedule, this field still needs to be completed manually. Since not all transactions need to be reported in the Schedule, the value here should be equal or more than the adjustment reported in the Schedule (see Section 16.1).

Any transfer pricing adjustment that decreases the Taxable Income (i.e. downward adjustment) will be allowed only upon a successful application to the FTA. Hence, enter the aggregate value of such downward adjustments which have been approved by the FTA.

If you are required to complete the ‘Related Party transactions’ Schedule, this field still needs to be completed manually. Since not all transactions need to be reported in the Schedule, the value here should be equal or more than the adjustment reported in the Schedule.

Answer ‘Yes’ if the aggregate value of transactions with Connected Persons (including their Related Parties) exceeds AED 500,000.

If you respond ‘Yes’ to this question, you will be directed to complete the ‘Connected Persons’ Schedule (see Section 16.2).

Enter the aggregate value of adjustments in respect of payments or benefits provided to Connected Persons that are not at Market Value.

Even if you are required to complete the ‘Connected Persons’ Schedule, this field still needs to be completed manually. Since not all transactions need to be reported in the Schedule, the value here should be equal or more than the adjustment reported in the Schedule.

Answer ‘Yes’ or ‘No’ as applicable.

Any distributions made by a Qualifying Investment Fund will be excluded/reduced from your Taxable Income in this Tax Period, to the extent that net income available for distribution was already included in your Taxable Income/ Exempt Income either in the current Tax Period or a previous Tax Period.

Enter the amount, if any.

You will see a list of Tax Periods for which you have previously submitted Tax Returns. Select the relevant prior Tax Period from the drop-down list. It is possible to select more than one, if relevant.

Enter a description, if applicable.

Enter a description of the adjustment if you have entered any amount in the previous field.

The Taxable Income (positive or negative) for a Tax Period is the Accounting Income for that period after making adjustments as required under the Corporate Tax Law, to the extent applicable. ^[124]

This is calculated automatically based on inputs you provided in Section 7 to 9.

Answer ‘Yes’ if:

• you intend to transfer your Tax Loss to another Taxable Person in the Tax Period as per the conditions of Article 38 of the Corporate Tax Law, or

• you will receive a Tax Loss from another Taxable Person in the Tax Period as per the conditions of Article 38 of the Corporate Tax Law.

If you answer this question as ‘Yes’, you will be directed to the ‘Tax Losses’ Schedule.

If you answer ‘No’ to the questions 10.2.1 and 10.2.2, you will be directed to ‘Tax Calculation and Tax Credits’ (see Section 10.4).

This field is relevant to you if you have received a Tax Loss from another Taxable Person as per the conditions of Article 38 of the Corporate Tax Law and you have answered question 10.2.2 as ‘Yes’.

This amount will be pre-populated based on your input in the ‘Tax Losses’ Schedule (see Section 17.2).

Answer ‘Yes’ if:

• Any member of the Tax Group intends to transfer its Tax Loss to another Taxable Person outside the Tax Group as per the conditions of Article 38 of the Corporate Tax Law or

• A Taxable Person outside the Tax Group will transfer its Tax Loss to any member of the Tax Group as per the conditions of Article 38 of the Corporate Tax Law.

If you answer this question as ‘Yes’, you will be directed to the ‘Tax Group Loss’ Schedule (see part B of Section 17).

If you answer ‘No’ in field 10.3.1 and this question, you will be directed to ‘Tax Calculation and Tax Credits’ (see Section 10.4).

When a Subsidiary joins a Tax Group, the unutilised Tax Losses of that Subsidiary will become the pre-Grouping Tax Loss for the Tax Group and can only be utilised to the extent of the Taxable Income of the Tax Group that is attributable to that Subsidiary. ^[128]

This amount will be pre-populated based on your input in the ‘Tax Group Loss’ Schedule (see Section 17.6).

This is calculated automatically.

• For Taxable Persons (including non-Qualifying Free Zone Persons):Taxable Income in excess of AED 375,000 is subject to Corporate Tax at a rate of 9%. ^[129]

• For Qualifying Free Zone Persons: Qualifying Income is subject to Corporate Tax at a rate of 0% and other income is taxed at 9%. ^[130]

You will be asked to complete this field, if your answer is ‘Yes’ to question 10.4.3. The amount is pre-populated from the ‘Tax Calculation and Tax Credits’ Schedule (see Section 15).

This is calculated automatically as Corporate Tax Liability (see field 10.4.2) less Tax credits (see field 10.4.4).

The purpose of this question is to disclose if a Taxable Person has provided an estimated figure if, at the time of filing their Tax Return, they are unable to provide a final figure.

Answer ‘Yes’ if you included figures in the Tax Return that are not final figures (or you need to provide any supplementary information to the FTA when submitting your Tax Return). Otherwise, answer ‘No’.

Enter the gross amount of income recorded in your Financial Statements, before any deductions.

Enter the total amount of Revenue attributable to all Domestic Permanent Establishments and Foreign Permanent Establishments (i.e. amount of gross income without any deductions). This amount will be reduced from Total Revenue for the purposes of determining the de-minimis requirement. ^[135]

Further, this amount should be part of the calculation of Accounting Income in Section 7.1 as it is attributable to ‘other income’ of the Qualifying Free Zone Person, which is subject to 9% Corporate Tax. Although the Accounting Income figure should take into account expenses incurred in deriving this income. ^[136]

Answer ‘Yes’ or ‘No’ as applicable. If all your Revenue in respect of Commercial Property in the Free Zone is from other Free Zone Persons that are Beneficial Recipients, answer ‘No’.

For further information, see the Corporate Tax Guide on Free Zone Persons.

Enter the gross amount (i.e. the amount of gross income before any deductions). If such Revenue is attributable to a Domestic or Foreign Permanent Establishment, this should be entered in field 12.1.3. This amount will be excluded from Total Revenue for the purposes of determining the de-minimis requirement. ^[137]

This amount should also be part of the calculation of Accounting Income in Section 7.1 as it is attributable to ‘other income’ of the Qualifying Free Zone Person, which is subject to 9% Corporate Tax. Although the Accounting Income figure should take into account expenses incurred in deriving this income. ^[138]

Residential apartments, for example, are not Commercial Property. Answer ‘Yes’ or ‘No’ as applicable.

For further information on Immovable Property that is not Commercial Property, see the Corporate Tax Guide on Free Zone Persons.

Enter the gross amount (i.e. the amount of gross income before any deductions). If such Revenue is attributable to a Domestic or Foreign Permanent Establishment, this should be entered in field 12.1.3. This amount will be excluded from Total Revenue for the purposes of determining the de-minimis requirement. ^[139]

This amount should also be part of the calculation of Accounting Income in Section 7.1 as it is attributable to ‘other income’ of the Qualifying Free Zone Person, which is subject to 9% Corporate Tax. Although the Accounting Income figure should take into account expenses incurred in deriving this income. ^[140]

Intellectual property refers to intangible assets owned and legally protected by a Person from outside use or implementation without consent (for example, trademarks, patents, copyrights, brands, technical know-how).

Answer ‘Yes’ or ‘No’ as applicable.

This is pre-populated from the ‘Intellectual Property’ Schedule (seeSection 12.2).

This is calculated automatically as Total Revenue reported in field 12.1.1 less Revenues reported in fields 12.1.3, 12.1.5, 12.1.7 and 12.1.9.

Enter the gross amount, even if the other party is a Free Zone Person. Do not include any amounts you have already entered in Section A of the ‘Revenue’ schedule (except under total Revenue per the Financial Statements).

For further information about Excluded Activities, see the Corporate Tax Guide on Free Zone Persons.

Enter the gross amount, but only to the extent the other party is not a Free Zone Person. Do not include any amounts you have already entered in in Section A of ‘Revenue’ schedule (except under total Revenue per the Financial Statements). Also, do not include any amounts already entered under ‘Revenue derived from Excluded Activities’.

For further information about Qualifying Activities, see the Corporate Tax Guide on Free Zone Persons.

Enter the amount of Revenue derived from transactions with Free Zone Persons that are not the Beneficial Recipient of the relevant Goods and services. The term “Beneficial Recipient” shall mean a Person who has the right to use and enjoy the service or the Good and does not have a contractual or legal obligation to supply such service or Good to another person and the term “Good” shall mean tangible or intangible property that has economic value in dealing including movable and immovable property. ^[141]

Do not include the following amounts:

• any amounts you have already entered in Section A of ‘Revenue’ schedule (except under total Revenue per the Financial Statements),

• any amounts already entered under ‘Revenue derived from Excluded Activities’, and

• any amounts derived from Qualifying Activities.

For further information about who is a Beneficial Recipient, see the Corporate Tax Guide on Free Zone Persons.

This is calculated automatically as the total of Revenues you report in Section B.

Enter the aggregate of the following amounts: ^[144]

• Amounts derived from Free Zone Persons (except for income derived from Excluded Activities) where the Free Zone Person is the Beneficial Recipient.

• Revenue from Free Zone Persons where they are not the Beneficial Recipients of the relevant Good and services as long as the Revenue is derived from Qualifying Activities.

• Other non-qualifying Revenue derived from transactions with Free Zone Persons where the recipient Free Zone Person is not a Beneficial Recipient, provided such non-qualifying Revenue does not exceed the de minimis requirement.

• Revenue from Excluded Activities provided it does not exceed the de minimis requirement.

The terms “Beneficial Recipient” and “Good” are defined under Section B above.

For further information about Excluded Activities and Beneficial Recipient see the Corporate Tax Guide on Free Zone Persons.

Enter the number as appropriate.

Compute the average number of employees on employment contracts as follows: (N1 + N2) / 2, where N1 is the number of employees at the beginning of the Tax Period, and N2 is the number of employees at the end of the Tax Period.

If the above formula results in a number with decimal value, these fields accept up to one decimal place.

Enter the amount as appropriate.

For further information on allocating expenditure between Qualifying Income and other income (if relevant), see the Corporate Tax Guide on Free Zone Persons.

Answer ‘Yes’ or ‘No’ as applicable.

Enter the number. You will then be required to enter information for each provider.

Enter the legal name.

Enter the address.

Enter the TRN.

Enter the amount.

Enter the average number.

Compute the average number of employees on employment contracts as follows: (N1 + N2) / 2, where N1 is the number of employees at the beginning of the Tax Period, and N2 is the number of employees at the end of the Tax Period.

If the above formula results in a number with decimal value, this field will accept up to one decimal place.

Answer ‘Yes’ or ‘No’ as applicable.

For an explanation of what constitutes adequate supervision, see theCorporate Tax Guide on Free Zone Persons

F. Free Zone confirmations

You are required to provide the confirmations asked in this section to be considered a Qualifying Free Zone Person. If the answer is 'No' to any of these questions, then you cannot be considered a Qualifying Free Zone Person for the current Tax Period and the next 4 Tax Periods.

G. Additional information

Enter the gross amount of income from other Intellectual Property. This also cannot benefit from the 0% rate for Qualifying Income.

Select the country of tax residence of the Related Party from the drop-down list. This can include the UAE.

Enter the TRN or TIN (where available) of your Related Party who is the counter party in the transaction. This can be either a UAE Corporate Tax TRN or a taxpayer identification number (TIN) issued by a foreign tax authority.

Enter the legal name of the entity to which you are transferring the Tax Loss.

Enter the UAE Corporate Tax TRN of the entity receiving the Tax Loss.

Enter the legal name of the new Subsidiary joining the Tax Group.

Select the Corporate Tax TRN from the drop-down list.

Unutilised Tax Losses of a Subsidiary that joins a Tax Group (i.e. pre-Grouping Tax Losses) become carried forward Tax Losses of the Tax Group. ^[172]

Enter the amount of unutilised Tax Losses of the Subsidiary at the time it joins the Tax Group.

Pre-Grouping Tax Losses of a new Subsidiary can be used to offset the Taxable Income of the Tax Group insofar this income is attributable to the new Subsidiary. ^[173]

Hence, enter the Taxable Income of the new Subsidiary calculated on a standalone basis i.e. as if the Subsidiary was not a member of the Tax Group. This calculation must be performed before completing the Tax Return and is not part of the Tax Return.

In your first Tax Return, this is pre-populated based on data obtained upon the application to form a Tax Group.

In the Tax Return for subsequent Tax Periods, this is pre-populated based on information provided in earlier Tax Returns and new Subsidiary information provided in Section 17.5.

This is pre-populated based on data obtained at the time of the application to form a Tax Group.

In your first Tax Return, you have to provide this information for each member that has a pre-Grouping Tax Loss.

In your subsequent Tax Return, this is pre-populated based on information in previous Tax Returns for existing members. For new Subsidiaries, this is pre-populated based on information provided in Section 17.5.

A Tax Group must utilise pre-Grouping Tax Losses before Tax Losses of the Tax Group can be utilised.^[174]Hence, if you (i.e. the Tax Group) have a Tax Loss in this Tax Period and there are pre-Grouping Tax Losses reported in field 17.6.3, the answer here must be ‘Yes’.

Enter the Taxable Income calculated on a standalone basis i.e. as if the Subsidiary was not a member of the Tax Group. If the calculated amount is positive, enter it in ‘Taxable Income attributable to the Subsidiary’. If the calculated amount is negative, enter it in the field for ‘Tax Loss attributable to the Subsidiary’ as a positive number.

For further details on how to calculate Taxable Income/Tax Loss attributable to the Subsidiary, see the Corporate Tax Guide on Tax Groups.

Pre-Grouping Tax Losses can only be offset where the Tax Group has Taxable Income and only insofar as Taxable Income is attributable to the relevant member of the Tax Group. ^[175]Therefore, utilisation of pre-Grouping Tax Losses requires both: ^[176]

• the Tax Group to have Taxable Income in this Tax Period (before setting off the Taxable Income against a Tax Loss brought forward from a prior year), and

• Taxable Income that can be attributed to the relevant member of the Tax Group.

Based on the above, enter the amount in respect of pre-Grouping Tax Loss of each member of the Tax Group.

Once you enter the amount for each Subsidiary, the Tax Return automatically calculates the total amount of pre-Grouping Tax Loss that can be utilised by the Tax Group. This amount will be the lower of the following:

• aggregate of standalone amounts entered for all Subsidiaries, and

• 75% of Taxable Income of the Tax Group.

If an entry would result in utilisation of more than the permitted amount of pre-Grouping Tax Losses, you will see an error message.

Enter your total Interest income with the exception of any Interest in relation to:

• debt instruments or other liabilities for which terms were agreed prior to 9 December 2022, ^[198] and

• Qualifying Infrastructure Projects.^[199]

This is pre-populated based on disallowed Net Interest Expenditure carried forward in your prior year Tax Return. If this is your first Tax Period, this box will be pre-populated as ’0'.

The figure calculated in field 19.2.8 is pre-populated here.

The amount entered as ’Brought forward Net Interest Expenditure deducted in the current Tax Period' in field 19.2.9 will be automatically reflected here.

Enter the amount of the Tax Group's Net Interest Expenditure which was disallowed more than 10 Tax Periods ago and which has not been entered in this box in a Tax Return for a previous Tax Period. ^[205] This will only be potentially relevant after the Taxable Person's tenth Tax Period.

Only use these fields if you need to make an adjustment. If you make an adjustment, describe the reason(s) for any adjustments. If no adjustment is required, leave these fields blank or populate with ’0'.

This is calculated automatically. If the Tax Group ceases to exist, the disallowed Net Interest Expenditure of the Tax Group will be carried forward by the Parent Company unless the Parent Company also ceases to exist, in which case the disallowed Net Interest Expenditure of the Tax Group will be forfeit.^[206]

Enter the name of the member of the Tax Group which has pre-Grouping Net Interest Expenditure.

Enter the TRN of the member of the Tax Group.

This is pre-populated based on 'Pre-Grouping interest expenditure carried forward’ in the prior year Tax Return, however the field is editable.

Enter the amount of pre-Grouping Net Interest Expenditure brought into the Tax Group by a Subsidiary which has joined the Tax Group in this Tax Period. ^[207]

Enter ‘Yes’ or ‘No’ as appropriate. If a Tax Group has unutilised Net Interest Expenditure and its members also have pre-Grouping Net Interest Expenditure, the Net Interest Expenditure should be utilised in the order in which the amount was incurred. ^[208]

Enter the amounts for each member. The amount of pre-Grouping Net Interest Expenditure of a member of a Tax Group can be utilised only to the extend there is Taxable Income attributable to that member in the Tax Period. ^[209] Hence, you will not be allowed to enter an amount for a member, if that member has an attributable Tax Loss or an amount that exceeds Taxable Income attributable to the member.

The utilisation of the pre-Grouping Net Interest Expenditure would be possible to the extent both: ^[210]

• current Net Interest Expenditure of the Tax Group is less than 30% of the Tax Group’s EBITDA (or AED 12 million, if higher), and

• the relevant member, to which the pre-Grouping Net Interest Expenditure belongs, has sufficient Taxable Income in the current Tax Period.

Enter the amount of Net Interest Expenditure which was disallowed more than 10 Tax Periods ago and which has not been entered in this box in a Tax Return for a previous Tax Period. ^[211]

This is calculated automatically.

Enter the name of the other party to the transfer.

Enter the TRN of the other party.

Select from the dropdown list whether you were the Transferor or Transferee.

Answer ‘Yes’ or ‘No’ as applicable.

Enter the amount (as at the date of the original transfer).

Enter the date. This should be consistent with the date of original transfer as recognised for Financial Statements purposes i.e. as per IFRS (or IFRS for SMEs if applicable).

Enter the name of the other party to the transaction.

Enter the TRN of the other party

Select from the dropdown list whether you are the Transferor or Transferee.

You are required to provide the proceeds on the transfer of the Business, regardless of whether you are the Transferor or Transferee.

Enter the total consideration received, converted to AED if the transaction was in foreign currency. This input is necessary to keep a record of, and verify the gain or loss, which must be disregarded when there is a Business Restructuring Relief.

This field will be visible if you are a Transferor. Enter the aggregate net book value of the transferred assets and/ or liabilities as reflected in your Financial Statements.

For record-keeping purposes, the net book value of each asset and liability respectively, should be retained by the Taxable Person.

This field will be visible if you are a Transferor. Enter the date. This should be consistent with the date of transfer recognised for Financial Statements purposes i.e. as per IFRS (or IFRS for SMEs if applicable).

This question will be visible if you are a Transferor. Select from the dropdown list.

This field will be visible if you are a Transferor. Enter the amount in the relevant field. This amount entered here is populated in Section 8.2 and will result in an adjustment in the determination of your Taxable Income.

Enter the name of the other party to the transfer.

Enter the TRN of the other party.

Select from the dropdown list whether you are the Transferor or Transferee.

Answer ‘Yes’ or ‘No’ as applicable.

Enter the Market Value of the Business or independent part of the Business as at the date of the transfer (as at the date of the original transaction).

Enter the date. This should be consistent with the date of transfer recognised for Financial Statements purposes i.e. as per IFRS (or IFRS for SMEs if applicable).

Enter the amount of gain or loss that was previously excluded from Corporate Tax as a result of Business Restructuring Relief, as if the original transaction had taken place at Market Value on the date of the original transaction. ^[216]

If you are a Transferor, this amount will be included in your Taxable Income for the current Tax Period. If you are a Transferee, this amount will be included in your Taxable Income for the current Tax Period, only if the Transferor has ceased to be a Taxable Person or if the Transferor is a natural person. ^[217]

Provide the detailed address i.e. street, area, city, Emirate.

Provide this (if available), for example the Makani number in Dubai or Onwani in Abu Dhabi.

Enter the date you acquired each Qualifying Immovable Property. The date format is presented with a pre-populated calendar. Based on your preference, you may either input the date or select from the calendar.

The date of ownership can be impacted if you are a Tax Group or if you are a member of a Qualifying Group. In this regard the following should be noted:

• If you are a Tax Group formed in the first Tax Period following the introduction of Corporate Tax, enter the date when the Qualifying Immovable Property was first owned by a member of the Tax Group before Corporate Tax was effective. ^[218]

• If you are a Tax Group that formed other than in the first Tax Period following the introduction of Corporate Tax, enter the date the Qualifying Immovable Property was first owned by a member of the Tax Group which made the election in its own capacity before joining the Tax Group.

• If you are a member of a Qualifying Group, enter the date when the Qualifying Immovable Property was first owned by you or any Person with whom you are in a Qualifying Group before the Corporate Tax was effective. ^[219]

Enter the original purchase or the acquisition cost of the Qualifying Immovable Property.

In relation to a Tax Group or Qualifying Group the following should be noted:

• If you are a Tax Group (formed in the first Tax Period following the introduction of Corporate Tax) or are a member of a Qualifying Group, enter the original purchase or acquisition cost recorded in the balance sheet by the first owner of the asset in the Tax Group, or Qualifying Group, as the case may be, before the Corporate Tax was effective.

• If you are a Tax Group that formed other than in the first Tax Period following introduction of the Corporate Tax, enter the original purchase or acquisition cost recorded in the balance sheet by the member of the Tax Group which held the asset before Corporate Tax was effective and, before joining the Tax Group, made the election in its own capacity in its first Tax Period.

This refers to the opening balance (net book value) of the Qualifying Immovable Property per the Taxable Persons’ financial Statements in relation to its first Tax Period.

In relation to a Tax Group the following should be noted:

• If you are a Tax Group formed in the first Tax Period following the introduction of Corporate Tax, enter the value recorded in the opening balance sheet of the Tax Group.

• If you are a Tax Group that formed other than in the first Tax Period following introduction of the Corporate Tax, enter the net book value recorded in the opening balance sheet by the member of the Tax Group who held the asset before Corporate Tax was effective and, before joining the Tax Group, made the election in its own capacity in its first Tax Period.

In relation to a member of a Qualifying Group, the following should be noted:

• If you are a member of a Qualifying Group, enter the value recorded in the opening balance sheet by the member of the Qualifying Group who held the asset at the start of its first Tax Period.

Select from the drop-down list.

Enter if available/known.

This box may be pre-populated based on the information you have provided in your Tax Return for the first Tax Period. However, if the date is not already present, enter the date manually. See the comments under ‘Date of ownership’ in the previous section, ‘Schedule of Qualifying Immovable Properties subject to the election’ (see Section 21.1).

Enter the date of the sale. This should be consistent with the date recognised for Financial Statements purposes i.e. as per IFRS (or IFRS for SMEs if applicable).

This box may be pre-populated based on the information you have provided in your Tax Return for the first Tax Period. However, if not reflected here enter the cost manually. See the comments under ‘Original cost on commencement of the first Tax Period’ in the previous section, ‘Schedule of Qualifying Immovable Properties subject to the election’ (see Section 21.1).

This box may be pre-populated based on the information you have provided in your Tax Return for the first Tax Period. However, if not reflected here enter the net book value manually. See the comments under ‘Net book value on commencement of the first Tax Period’ in the previous section, ‘Schedule of Qualifying Immovable Properties subject to the election’ (see Section 21.1).

This question is relevant if you are a Transferor in relation to a transaction in respect of which Qualifying Immovable Property was transferred and Qualifying Group relief or Business Restructuring Relief was elected in relation to such transfer. If you answer yes, fields 21.2.10 to 21.2.15 will not be applicable.

Provide the name and the TRN of the Transferee to whom the Qualifying Intangible Asset was transferred as part of a Qualifying Group or Business Restructuring Relief transaction.

In relation to Qualifying Immovable Property, there are 2 methods to compute the excluded gains under transitional rules - valuation method and time apportionment method. ^[220]Select the relevant method that you have used to compute the excluded gain.

If you have elected the valuation method, enter the Market Value of the Qualifying Immovable Property at the start of your first Tax Period. The Market Value is determined by the relevant government competent authority in the UAE such as the Department of Municipalities and Transport (DMA) in Abu Dhabi, the Dubai Land Department (DLD) in Dubai, or similar authorities for each Emirate. It may also be determined by outsourced third parties authorised by the government competent authority.

In relation to a Tax Group, the following should be noted:

• If you are a Tax Group formed in the first Tax Period following the introduction of Corporate Tax, enter the Market Value of the Qualifying Immovable property at the start of your first Tax Period.

• However, if you are a Tax Group that was formed other than in the first Tax Period following introduction of the Corporate Tax, enter the Market Value of the Qualifying Immovable Property at the start of the first Tax Period of the member of the Tax Group who held the asset before Corporate Tax was effective and, before joining the Tax Group, made the election in its own capacity in its first Tax Period.

If you are a member of a Qualifying Group, enter the Market Value of the Qualifying Immovable Property at the start of the first Tax Period of the member of the Qualifying Group who first held the asset at the time of commencement of Corporate Tax.

If you have elected the time apportionment method, enter the total number of days from the first ownership day until the day preceding the start of the first Tax Period.

If you are a Tax Group (formed in the first Tax Period following the introduction of Corporate Tax) or are a member of a Qualifying Group, provide the combined ownership period when the asset was held before Corporate Tax became effective, by juridical persons who would qualify as members of a Tax Group or members of the same Qualifying Group had Corporate Tax been effective at the time. ^[221]

This is calculated automatically.

Enter the proceeds derived in the current Tax Period, converted to AED if the transaction was in another currency.

This is calculated automatically based on Article 2 of Ministerial Decision No. 120 of 2023 and will only exclude a gain and not a loss.

This will only need to be completed in your first Tax Period or if any Qualifying Intangible Assets are transferred to you via a transfer within a Qualifying Group or between members of a Tax Group.

Enter the Qualifying Intangible Asset.

Enter the date you acquired each Qualifying Intangible Asset.

This will only need to be completed in your first Tax Period or if any Qualifying Intangible Assets are transferred to you via a transfer within a Qualifying Group or between members of a Tax Group.

In relation to a Tax Group:

• If you are a Tax Group formed in the first Tax Period following the introduction of Corporate Tax, enter the date when the Qualifying Intangible Asset was first owned by a member of the Tax Group before Corporate Tax was effective. ^[222]

• If you are a Tax Group that formed other than in the first Tax Period following the introduction of Corporate Tax, enter the date the Qualifying Intangible Asset was first owned by a member of the Tax Group which made the election in its own capacity before joining the Tax Group.

If you are a member of a Qualifying Group, enter the date when the Qualifying Intangible Asset was first owned by you or any Person with whom you are in a Qualifying Group before the Corporate Tax was effective. ^[223]

If applicable, enter the date of the sale. This should be consistent with the date recognised for Financial Statements purposes i.e. as per IFRS (or IFRS for SMEs if eligible).

Enter the original purchase or the acquisition cost in relation to each Qualifying Intangible Asset.

This will only need to be completed in your first Tax Period or if any Qualifying Intangible Assets are transferred to you via a transfer within a Qualifying Group or between members of a Tax Group.

The following should be noted:

• If you are a Tax Group (formed in the first Tax Period following the introduction of Corporate Tax) or are member of a Qualifying Group, enter the purchase or acquisition cost recorded in the balance sheet by the first owner of the asset in the Tax Group or Qualifying Group before the Corporate Tax was effective.

• If you are a Tax Group that formed other than in the first Tax Period following introduction of the Corporate Tax, enter the purchase or acquisition cost recorded in the balance sheet by the member of the Tax Group which held the asset before Corporate Tax was effective and, before joining the Tax Group, made the election in its own capacity in its first Tax Period.

This refers to the opening balance (net book value) of the Qualifying Intangible Asset per the Taxable Persons’ Financial Statements in relation to its first Tax Period.

This will only need to be completed in your first Tax Period or if any Qualifying Intangible Assets are transferred to you via a transfer within a Qualifying Group or between members of a Tax Group.

In relation to a Tax Group:

• If you are a Tax Group formed in the first Tax Period following the introduction of Corporate Tax, enter the value recorded in opening balance sheet of the Tax Group.

• If you are a Tax Group that formed other than in the first Tax Period following introduction of the Corporate Tax, enter the net book value recorded in the opening balance sheet by the member of the Tax Group who held the asset before Corporate Tax was effective and, before joining the Tax Group, made the election in its own capacity in its first Tax Period.

If you are a member of a Qualifying Group, enter the value recorded in the opening balance sheet by the member of the Qualifying Group who held the asset at the start of its first Tax Period.

This question is relevant if you are a Transferor in relation to a transaction in respect of which Qualifying Intangible Asset was transferred and Qualifying Group relief or Business Restructuring Relief was elected in relation to such transfer. If you answer yes, fields 21.3.9 to 21.3.12 will not be applicable.

Provide the name and the TRN of the Transferee to whom the Qualifying Intangible Asset was transferred as part of a Qualifying Group or Business Restructuring Relief transaction.

This will only need to be completed in your first Tax Period or if any Qualifying Intangible Assets are transferred to you via a transfer within a Qualifying Group or between members of a Tax Group.

Enter the total number of days from the first ownership day until the day preceding the start of the first Tax Period. Except under exceptional circumstances and pursuant to approval by the FTA, only a maximum period of 10 years can be used to calculate the number of days the Qualifying Intangible Asset is owned before the first Tax Period. ^[224] So the number of days entered here should not exceed this time limit, unless it is approved by the FTA.

If you are a Tax Group (formed in the first Tax Period following the introduction of Corporate Tax) or are member of a Qualifying Group, provide the combined ownership period when the asset was held before Corporate Tax become effective by juridical persons who would qualify as members of a Tax Group or members of the same Qualifying Group had Corporate Tax been effective at that time.

Enter the total number of days the asset was owned. This will be the total of the number of days calculated in the field 21.3.9 and the number of days the asset was owned by you after Corporate Tax became effective.

Enter the proceeds derived in the current Tax Period, converted to AED if the transaction was in another currency.

This is calculated automatically and will only exclude a gain and not a loss.

This will only need to be completed in your first Tax Period or if any Qualifying Financial Assets are transferred to you via a transfer within a Qualifying Group or between members of a Tax Group.

Enter a description of each Qualifying Financial Asset.

This will only need to be completed in your first Tax Period or if any Qualifying Financial Assets are transferred to you via a transfer within a Qualifying Group or between members of a Tax Group.

Enter the date you acquired each Qualifying Financial Asset.

In relation to a Tax Group:

• If you are a Tax Group formed in the first Tax Period following the introduction of Corporate Tax, enter the date when the Qualifying Financial Asset was first owned by a member of the Tax Group before Corporate Tax was effective. ^[225]

• If you are a Tax Group that formed other than in the first Tax Period following the introduction of Corporate Tax, enter the date the Qualifying Financial Asset was first owned by a member of the Tax Group which made the election in its own capacity before joining the Tax Group.

If you are a member of a Qualifying Group, enter the date when the Qualifying Financial Asset was first owned by you or any Person with whom you are in a Qualifying Group before the Corporate Tax was effective. ^[226]

If applicable, enter the date of the sale. This should be consistent with the date recognised for Financial Statements purposes i.e. as per IFRS (or IFRS for SMEs if eligible).

Answer ‘Yes’ or ‘No’ as applicable. If you respond “Yes” then the remainder of the fields will not be relevant for you.

For further information, see the Corporate Tax Guide on Exempt Income: Dividends and Participation Exemption.

This is the opening balance (net book value) of the Qualifying Financial Asset per the Taxable Persons’ Financial Statements in relation to its first Tax Period.

This will only need to be completed in your first Tax Period or if any Qualifying Financial Assets are transferred to you via a transfer within a Qualifying Group or between members of a Tax Group.

In relation to a Tax Group:

• If you are a Tax Group formed in the first Tax Period following the introduction of Corporate Tax, enter the value recorded in opening balance sheet of the Tax Group.

• If you are a Tax Group that formed other than in the first Tax Period following introduction of the Corporate Tax, enter the net book value recorded in the opening balance sheet by the member of the Tax Group who held the asset before Corporate Tax was effective and, before joining the Tax Group, made the election in its own capacity in its first Tax Period.

If you are a member of a Qualifying Group, enter the value recorded in the opening balance sheet by the member of the Qualifying Group who held the asset at the start of its first Tax Period.

This question is relevant if you are a Transferor in relation to a transaction in respect of which a Qualifying Financial Asset was transferred and Qualifying Group relief or Business Restructuring Relief was elected in relation to such transfer. If you answer yes, fields 21.4.9 to 21.4.11 will not be applicable.

Provide the name and the TRN of the Transferee to whom the Qualifying Financial Asset was transferred as part of a Qualifying Group or Business Restructuring Relief transaction.

This will only need to be completed in your first Tax Period or if any Qualifying Financial Assets are transferred to you via a transfer within a Qualifying Group or between members of a Tax Group.

Enter the Market Value of the asset at the start of your first Tax Period. In relation to a Tax Group:

• If you are a Tax Group formed in the first Tax Period following the introduction of Corporate Tax, enter the Market Value of the Qualifying Financial Asset at the start of your first Tax Period.

• However, if you are a Tax Group that was formed other than in the first Tax Period following introduction of the Corporate Tax, enter the Market Value of the Qualifying Financial Asset at the start of the first Tax Period of the member of the Tax Group who held the asset before Corporate Tax was effective and, before joining the Tax Group, made the election in its own capacity in its first Tax Period.

If you are a member of a Qualifying Group, enter Market Value of the Qualifying Financial Asset at the start of first Tax Period of the member of the Qualifying Group who first held the asset at time of commencement of Corporate Tax.

Enter the proceeds derived in the current Tax Period, converted to AED if the transaction was in another currency.

This is calculated automatically.

This will only need to be completed in your first Tax Period or if any Qualifying Financial Liabilities are transferred to you via a transfer within a Qualifying Group or between members of a Tax Group.

Enter a description of each Qualifying Liability.

This will only need to be completed in your first Tax Period or if any Qualifying Financial Liabilities are transferred to you via a transfer within a Qualifying Group or between members of a Tax Group.

Enter the date you acquired each Qualifying Financial Liability.

See comments in relation to a Tax Group or a member of a Qualifying Group under Qualifying Financial Assets above.

If applicable, enter the date of the sale. This should be consistent with the date recognised for Financial Statements purposes, i.e. as per IFRS (or IFRS for SMEs if eligible).

A liability would not generally be sold but can be transferred for example by way of assignment or delegation and this is what is intended here.

A financial liability would not qualify as a Participating Interest for purposes of Participation Exemption. Hence, this question should always be answered ‘No’.