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UAE Introduces Pillar 2 Domestic Minimum Top-up Tax

|Approved Changes|United Arab Emirates
United Arab Emirates

The Emirates News Agency has issued a release from the Ministry of Finance announcing the issuance of Cabinet Decision No. 142 of 2024, which provides for the Introduction of a Pillar 2 qualified domestic minimum top-up tax (QDMTT), the UAE DMTT. The UAE DMTT applies from 1 January 2025 and, according to the release, should be interpreted in line with the Commentary and Administrative Guidance…

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