The UAE Ministry of Finance has announced the issuance of Ministerial Decision No. 120 of 2023 on adjustments under the transitional rules for the purpose of the new Corporate Tax Law. --- Ministry of Finance Issues Decision on Transitional Rules for Corporate Tax The UAE Ministry of Finance has issued Ministerial Decision No (120) of 2023 on Transitional Rules for Corporate Tax, providing guidelines for adjusting a Taxable Person's opening balance sheet under the Corporate Tax Law. His Excellency Younis Haji Al Khouri, Undersecretary of the Ministry of Finance, said: "Transitional rules for Corporate Tax provide important clarifications for businesses...