10 Jul 2023
The taxation framework for businesses operating in free zones is a crucial aspect of the United Arab Emirates' (UAE) economic policies. Free Zones provide attractive incentives and benefits to businesses, including tax exemptions. However, the tax treatment of income derived by Qualified Free Zone Persons (QFZPs) requires a careful examination of the interaction between Qualified Income (QI) and Excluded Income (EI) carve-out definitions.
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