Cabinet Decision No. 63/2025 On the Joint Venture Treated as a Separate Taxable Person for the Purposes of Federal Decree-Law No. 47/2022 on the Taxation of Corporations and Businesses
Type
Law
Issued on
14 May 2025 (corresponding to 16 Dhi Al-Qi’dah 1446 H)
Nature
Cabinet Decision
Jurisdiction
United Arab Emirates
Taxonomy
Joint Ventures, Corporation Tax
Copyright
SADER
*[1]
The Council of Ministers,
After perusal of the Constitution;
Federal Decree-Law No. 47/2022 on the Taxation of Corporations and Businesses, and its amendments; and
Based on the proposal of the Minister of Finance, and the approval of the Council of Ministers,
Has decided the following:
Article 1 - Definitions
The definitions mentioned in aforementioned Federal Decree-Law no. (47) of 2022 shall apply to this Decision.
Article 2 - Implications of Treating the Joint Venture as a Separate Taxable Entity
In case the Authority approves the application submitted by the partners of a joint venture, as per Clause (8) of Article 16 of Federal Decree-Law No. 47/2022, to treat the joint venture as a separate taxable person, the joint venture shall be considered a juristic person and a resident person for the purposes of the aforementioned Corporate Tax Law.