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Starting Date: 15/03/2024
Closing Date: 10/04/2024
Based on the responses, we noted that majority of respondents (which included, multinational enterprises and advisors) were in favour of the introduction of the GloBE Rules in the UAE with positive sentiments towards the introduction of a Domestic Minimum Top-up Tax (DMTT) and the Income Inclusion Rule. Respondents also highlighted the preference and importance of the rules to be aligned with the GloBE Model Rules as issued by the OECD and the need for the DMTT to achieve
'Qualified' and 'Safe Harbour' status
Identify the actions or steps planned based on the consultation results:
Based on feedback received, the UAE has already announced the introduction of a Domestic Minimum Top-up Tax, the draft legislation is finalised and released on December 2024. The implementation of an Income Inclusion Rule is still under assessment and may be considered to be introduced in the near future. The UAE legislation is closely aligned to the GloBE Model Rules.
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