In a new Cabinet Decision, the Ministry of Finance of the United Arab Emirates (UAE) introduces the imposition of a Domestic Minimum Top-up Tax on multinational enterprises.Applicable to fiscal years starting on or after 1 January 2025, the tax will generally affect multinational enterprises operating in the UAE with consolidated annual revenues equal to or exceeding €750m in two of the last four fiscal years.The provisions of the UAE Domestic Minimum Top-up Tax legislation are intended to align with expected outcomes of the OECD Pillar Two model rules, Commentary and agreed Administrative Guidance.Businesses should review the provisions of the Cabinet...