The FTA consistently demonstrates its inclusive and supportive role in setting up transparent and well-shaped corporate tax practice, aiming to eliminates potential ambiguities in the Law interpretation and application of the legislative norms into regulatory practice.
As part of the process the FTA just released one more Guide on application of Corporate Income Tax provisions - “Determination of Taxable Income (CTGDTI1)”.
Other Public Clarifications issued bye the FTA during July include “On the First Tax Period of a Juridical Person”, “On Related Parties Definition”.
If you have any questions on these or other public clarifications of the FTA please fill free to contact us.
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