We, Humaid bin Rashid Al Nuaimi, Ruler of the Emirate of Ajman,

After perusal of the Constitution of the United Arab Emirates;

Federal Law No. 14/2018 on the Central Bank and the Regulation of Financial Institutions and Activities, and its amendments;

Federal Law No. 28/2022 on Tax Procedures and its Implementing Regulation;

Federal Decree-Law No. 47/2022 on Corporate and Business Taxation, and its amendments;

Ajman Emiri Decree No. 11/2011 promulgating the Financial Law of the Government of Ajman;

Ajman Emiri Decree No. 15/2012 on the Department of Finance in Ajman, and its amendments;

Ajman Emiri Decree No. 5/2017 on the Financial Audit Authority in Ajman;

Ajman Emiri Decree No. 19/2017 on the collection of taxes from the branches of foreign banks operating in the Emirate of Ajman;

Ajman Emiri Decree No. 2/2018 on the Legislation Committee in the Emirate of Ajman; and

Based on the approval of the Legislation Committee,

Have issued the following Law: