UAE exempts firms focusing on welfare activities from corporate tax  

RIYADH: In a major change to the Corporate Tax Law, the UAE has announced that entities contributing to the welfare of the public and society will be exempted from paying the mandatory tax that comes into effect later this year.   

To be eligible for the exemption, the Ministry of Finance said in a new directive that these entities must meet the conditions under Article 9 of the Corporate Tax Law and continue to comply with all relevant federal and local laws.