What is business restructuring relief in the tax group?
The business restructuring relief in the UAE Corporate Tax Law is a provision given to remove the corporate tax impact of certain restructuring or reorganization transactions within a tax group. This means that mergers, demergers, or other similar transactions can occur without triggering a taxable gain or loss, even if the ultimate ownership structure remains unchanged. The purpose of this relief is to encourage and facilitate business restructuring without imposing additional tax burdens.