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May 15, 2026
This article allows a resident Parent Company and its resident Subsidiaries to form a Tax Group and be treated as a single Taxable Person. The key conditions for forming a group are that the Parent must own at least 95% of the Subsidiary's share capital, voting rights, and entitlement to profits/net assets. Neither the Parent nor Subsidiary can be an Exempt Person or Qualifying Free Zone Person, and they must share the same financial year and accounting standards. The Parent is responsible for compliance, but all members are jointly and severally liable for the group's tax.
Chapter 12 - Tax Group Provisions
Article 40 - Tax Group
[GTL Notes]
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