Qualifying Public Benefit Entity - Tax Exemption Applications

Qualifying Public Benefit Entities (“QPBE”) qualify from a Corporate Tax exemption under Article 9 of the UAE Corporate Tax Law (Federal Decree Law No. 47 of 2022) (the “UAE Tax Law”).

Article 9(1) of the UAE Tax Law sets out the conditions that need to be met for an entity to be considered a QPBE. These include entities that carry out exclusively “religious, charitable, scientific, artistic, cultural, athletic, educational, healthcare, environmental, humanitarian, animal protection or other similar purposes” and professional entities “operated exclusively for the promotion of social welfare or public benefit”. Certain other conditions need to be met in order to obtain QPBE status, including for the relevant entity to be named as a QPBE in a Cabinet Resolution.

DIFC Authority (“DIFCA”) is coordinating applications to the Ministry of Finance for entities that may qualify under Article 9 of the UAE Tax Law, in order for these entities to be assessed as QPBEs and, if successful, added to a Cabinet Resolution confirming this status.

DIFCA invites relevant entities to contact us for inclusion in the joint application to the Ministry. If you believe your entity may qualify under the Article 9 criteria please contact us at roccompliance.info@difc.ae by no later than 18 December 2024.