50% Ownership Continuity Rule for UAE Tax Losses

For a negative taxable income or recording a loss in the filed returns, make sure that you meet the conditions.

• The same person(s) must hold at least 50% ownership of the business from the loss year to the year it is used; OR
• If ownership changes by more than 50%, the business must continue the same or similar activity.
• There is no need for separate application, you just need to reflect it when filing.