Ministerial Decision No. 132/2023 On Transfers within a Qualifying Group for the Purposes of Federal Decree-Law No. 47/2022 on Corporate and Business Taxation

The Minister of State for Financial Affairs,

After perusal of the Constitution;

Federal Law No. 1/1972 on the competencies of Ministries and powers of Ministers, and its amendments;

Federal Decree-Law No. 13/2016 on the establishment of the Federal Tax Authority, and its amendments;

Federal Decree-Law No. 28/2022 on Tax Procedures; and

Federal Decree-Law No. 47/2022 on the Corporate and Business Taxation,

Has decided:

Article 1 - Definitions

The terms and expressions mentioned in this Decision shall have the same meanings assigned in Federal Decree-Law No. 47/2022 referred to as “the Corporate Tax Law”. The following terms and expressions shall have the meanings assigned thereto unless the context requires otherwise:

Accounting Standards: The accounting standards which are determined in a decision issued by the Minister for the purposes of the Corporate Tax Law.
Ordinary Shares: A category of capital shares or ownership stakes equivalent thereto granting their holder, on a share-by-share basis, equal rights to vote and receive dividends and liquidation proceeds.