The Ministerial Decision No. 302 of 2024 highlights the UAE’s commitment to creating a corporate tax system that is straightforward, fair, and business-friendly. By simplifying compliance and addressing practical challenges, it makes it easier for companies to avail Participation Exemption and Foreign Permanent Establishment Exemption. The Decision by refining asset tests, liquidation loss treatments, and tax group adjustments, ensures that the rules address the real-world business challenges companies face. As Younis Haji AlKhoori, Under-Secretary of the Ministry of Finance, stated, this Decision along with The Ministerial Decision No. 301 of 2024, reaffirms “the UAE’s commitment to enhancing a dynamic and investor-friendly tax environment, simplifying compliance, and increasing growth opportunities.”⁶