Small Business Relief, how to benefit from it?

The Ministerial Decision No. 73 of 2023 has been issued by The Ministry of Finance (‘MoF’) on Small Business Relief in accordance with Article 21 of the Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (‘Corporate Tax Law’). This relief will apply only to UAE Resident juridical persons or individuals below the specified threshold.