The decision applies to immovable property, intangible assets, financial assets and financial liabilities held by businesses before the corporate tax law comes into effect
The decision applies to certain assets and liabilities, such as immovable property, intangible assets, financial assets, and financial liabilities, held by businesses before the Corporate Tax Law comes into effect.
The Ministry of Finance has issued Ministerial Decision No. 120 of 2023 on Transitional Rules for Corporate Tax, providing guidelines for adjusting a Taxable Person s opening balance sheet under the Corporate Tax Law.Younis Haji Al Khouri, Undersecretary