Ministry of Finance Announces Amendments to the Corporate Tax Law
On December 9, 2024, the UAE Ministry of Finance announced amendments to the Corporate Tax Law, introducing an R&D tax credit. This move aligns with global tax standards and aims to bolster innovation by providing financial incentives for R&D activities.
Date: December 9, 2024
Summary: Introduction of an R&D tax credit into the UAE Corporate Tax framework.
Link: MoF Announcement
