The Taxation of Corporations and Businesses in the UAE
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Questions and Answers

Which law is Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses based on?

  • Federal Law No. 5 of 1985 promulgating the Civil Transactions Law
  • Federal Law No. 18 of 1993 promulgating the Commercial Transactions Law
  • Federal Law No. 26 of 1981 on the Commercial Maritime Law
  • Federal Law No. 1 of 1972 on the Competencies of Ministries and Powers of the Ministers (correct)
  • Who issued Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses?

  • Sheikh Mohamed bin Zayed Al Nahyan (correct)
  • Sheikh Mohammed bin Rashid Al Maktoum
  • Sheikh Khalifa bin Zayed Al Nahyan
  • Sheikh Saud bin Saqr Al Qasimi
  • Which law regulates insurance operations in the United Arab Emirates?

  • Federal Law No. 4 of 2000 on the Emirates Securities and Commodities Authority and Market
  • Federal Law No. 8 of 2004 on the Financial Free Zones
  • Federal Law No. 2 of 2008 on the National Societies and Associations of Public Welfare
  • Federal Law No. 6 of 2007 on the Regulation of Insurance Operations (correct)
  • Which law governs commercial transactions in the United Arab Emirates?

    <p>Federal Law No. 18 of 1993 promulgating the Commercial Transactions Law</p> Signup and view all the answers

    Which law established the Emirates Securities and Commodities Authority and Market?

    <p>Federal Law No. 4 of 2000 on the Emirates Securities and Commodities Authority and Market</p> Signup and view all the answers

    Study Notes

    Federal Decree-Law No. 47 of 2022

    • Based on the UAE Federal Tax Authority
    • Issued by the President of the UAE

    Insurance Operations Regulation

    • Regulated by Federal Law No. 6 of 2007 on Insurance Operations
    • Applies to the United Arab Emirates

    Commercial Transactions Governance

    • Governed by the Federal Law No. 18 of 1993 on Commercial Transactions
    • Applies to the United Arab Emirates

    Emirates Securities and Commodities Authority and Market Establishment

    • Established by Federal Law No. 4 of 2000
    • Regulates securities and commodities in the United Arab Emirates

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    Description

    Test your knowledge of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses in the United Arab Emirates. This quiz will cover key aspects of the law, including its background, provisions, and implications for corporations and businesses. Challenge yourself and see how well you understand this important piece of legislation.

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