{"id":6094,"date":"2025-02-08T07:32:30","date_gmt":"2025-02-08T05:32:30","guid":{"rendered":"https:\/\/sahfy.net\/news\/?p=6094"},"modified":"2025-02-09T07:56:23","modified_gmt":"2025-02-09T05:56:23","slug":"ministry-of-finance-announces-issuance-of-a-cabinet-decision-on-the-introduction-of-top-up-tax-for-multinational-enterprises","status":"publish","type":"post","link":"https:\/\/sahfy.net\/news\/?p=6094&lang=en","title":{"rendered":"UAE`s Ministry of Finance Announces Issuance of a Cabinet Decision on the Introduction of Top-up Tax for Multinational Enterprises"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The UAE`s Ministry of Finance has announced the issuance of Cabinet Decision No. 142 of 2024 on the introduction of the Top-up Tax for Multinational Enterprises, providing further details on the UAE Domestic Minimum Top-up Tax (UAE DMTT). This follows the announcement made by the Ministry on December 9, 2024.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The UAE DMTT is closely aligned with the GloBE Model Rules issued by the Organisation for Economic Co-operation and Development (OECD). The UAE DMTT will apply to Entities that are members of Multinational Enterprises (MNEs) operating in the UAE with annual global revenues of \u20ac750 million or more in the Consolidated Financial Statements of the Ultimate Parent Entity in at least two out of the four financial years immediately preceding the financial year in which the UAE DMTT applies.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The UAE DMTT provides relief through a Substance-based Income Exclusion, a carve out which reduces net Pillar Two income subject to the UAE DMTT to determine the Excess Profit for the purposes of computing the UAE DMTT, by an amount calculated based on payroll and the carrying value of tangible assets.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Aligned with the GloBE Model Rules, the UAE DMTT also allows for an exclusion where an Entity meets the relevant de minimis exclusion criteria, under which the UAE DMTT for an Entity will be considered zero, provided that certain criteria are met.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">To bolster the UAE\u2019s competitiveness as a leading investment hub, the UAE DMTT has been structured to exclude Investment Entities, as defined under these rules.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As part of a transitional measure and to create a tax environment conducive to economic growth, no UAE DMTT will be levied during the initial phase of an MNE Group\u2019s international activity, provided that none of the of the ownership interests of the Entities located in the UAE are held by a parent entity subject to a Qualified Income Inclusion Rule in another Jurisdiction.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The UAE DMTT should be interpreted in line with the Commentary and Administrative Guidance issued by the OECD, available via this link.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Cabinet Decision No. 142 of 2024 is available on the UAE Legislation&#8217;s website: www.uaelegislation.gov.ae\/en. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The UAE`s Ministry of Finance has announced the issuance of Cabinet Decision No. 142 of 2024 on the introduction of the Top-up Tax for Multinational Enterprises, providing further details on the UAE Domestic Minimum Top-up Tax (UAE DMTT). This follows the announcement made by the Ministry on December 9, 2024. The UAE DMTT is closely [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":6095,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[91,130,43,87,15,3716],"tags":[2678,1000,11372,4325,11370,11374,11368,365],"class_list":["post-6094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-arab-countries-en","category-featured-en","category-finance-investment-en","category-gcc-en","category-press-releases","category-uae","tag-abu-dhabi","tag-investment","tag-minimum-supplementary-tax","tag-ministry-of-finance","tag-multinational-enterprises","tag-organization-for-economic-co-operation-and-development","tag-supplementary-tax","tag-uae"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.6.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UAE`s Ministry of Finance Announces Issuance of a Cabinet Decision on the Introduction of Top-up Tax for Multinational Enterprises - sahfy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sahfy.net\/news\/?p=6094&lang=en\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UAE`s Ministry of Finance Announces Issuance of a Cabinet Decision on the Introduction of Top-up Tax for Multinational Enterprises - sahfy\" \/>\n<meta property=\"og:description\" content=\"The UAE`s Ministry of Finance has announced the issuance of Cabinet Decision No. 142 of 2024 on the introduction of the Top-up Tax for Multinational Enterprises, providing further details on the UAE Domestic Minimum Top-up Tax (UAE DMTT). This follows the announcement made by the Ministry on December 9, 2024. The UAE DMTT is closely [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sahfy.net\/news\/?p=6094&amp;lang=en\" \/>\n<meta property=\"og:site_name\" content=\"sahfy\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-08T05:32:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-09T05:56:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/sahfy.net\/news\/wp-content\/uploads\/2025\/02\/MOF-Offices-1-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sahfy Sahfy\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u0643\u064f\u062a\u0628 \u0628\u0648\u0627\u0633\u0637\u0629\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sahfy Sahfy\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u0648\u0642\u062a \u0627\u0644\u0642\u0631\u0627\u0621\u0629 \u0627\u0644\u0645\u064f\u0642\u062f\u0651\u0631\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 \u062f\u0642\u0627\u0626\u0642\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/sahfy.net\/news\/?p=6094&lang=en#article\",\"isPartOf\":{\"@id\":\"https:\/\/sahfy.net\/news\/?p=6094&lang=en\"},\"author\":{\"name\":\"Sahfy Sahfy\",\"@id\":\"https:\/\/sahfy.net\/news\/#\/schema\/person\/e010cfaee71765ed4f2af1e54f173967\"},\"headline\":\"UAE`s Ministry of Finance Announces Issuance of a Cabinet Decision on the Introduction of Top-up Tax for Multinational Enterprises\",\"datePublished\":\"2025-02-08T05:32:30+00:00\",\"dateModified\":\"2025-02-09T05:56:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/sahfy.net\/news\/?p=6094&lang=en\"},\"wordCount\":367,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/sahfy.net\/news\/#organization\"},\"keywords\":[\"Abu Dhabi\",\"investment\",\"Minimum Supplementary Tax\",\"Ministry of Finance\",\"Multinational Enterprises\",\"Organization for Economic Co-operation and Development\",\"Supplementary Tax\",\"UAE\"],\"articleSection\":[\"Arab countries\",\"Featured\",\"Finance &amp; 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