This record outlines the Preamble of Federal Decree-Law No. 60 of 2023, issued by His Highness Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates. This legislation specifically amends certain provisions of the earlier Federal Decree-Law No. 47 of 2022 regarding the Taxation of Corporations and Businesses. The issuance follows a review of the Constitution, Federal Law No. 1 of 1972 concerning Ministry competencies, and the underlying Corporate Tax Law. The Decree-Law was promulgated pursuant to a presentation by the Minister of Finance and subsequent approval by the Cabinet, establishing the legal authority for the amendments detailed in the subsequent articles.