The UAE Government Is Considering A Major Tax Incentive Program - Smart Zones® UAE
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The UAE Government Is Considering A Major Tax Incentive Program

The UAE Ministry of Finance (MoF) has initiated a digital public consultation to explore the potential implementation of a Research and Development (R&D) Tax Incentive program within the framework of the UAE Corporate Tax Law.

This consultation, open from April 19 to May 14, 2024, seeks valuable input from relevant stakeholders, including businesses operating in the UAE, tax advisors, service providers, academic institutions, and investors. The MoF aims to gain insights into the scope of R&D activities conducted within the UAE, determine the appropriate coverage of the potential R&D Tax Incentive, and establish efficient implementation and administration processes.

Recognizing the novelty of an R&D Tax Incentive in the UAE, the MoF has included a Guidance Paper as part of the consultation. This paper aligns with the definition of R&D outlined in the Organisation for Economic Co-operation and Development’s (OECD) Frascati Manual, providing stakeholders with a clear understanding of qualifying R&D activities.

The MoF encourages all participants to submit clear and concise feedback. They particularly welcome responses that incorporate supporting examples, data, or any other relevant information to strengthen their viewpoints.

The deadline for submissions is May 14, 2024. All responses will be treated confidentially and will not be publicly disclosed.


Publish 19 Apr 2024


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