Condition for change in tax period FTA – Decision No. 5 of 2023

The FTA has issued its Decision No. 5 of 2023 (Effective from 1^st June 2023). It specifies conditions for Change in Tax Period for the Purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses.

The change in tax period may be made for reasons such as liquidation, aligning financial years, or for valid commercial, economic, or legal reasons.