The UAE has reportedly published Federal Decree No. 60 of 2023 to the Official Gazette on November 24, 2023, which amends some provisions of Federal Decree-Law No. 47 of 2022 (Procorporate Tax Law).
The changes are being made in preparation for introducing the global minimum tax level 2, including adding a specific tax on account replenishment and multinational enterprises. The amendments do not contain any particular rules on implementing the international minimum tax to be adopted in future decisions.
It is expected that the rules of the global minimum tax will be introduced in 2025, although the tax on account replenishment may be introduced earlier - in 2024.
Additional information on Federal Decree-Law No. 60 and the implementation of the global minimum tax has yet to be made available.