United Arab Emirates MOF Issues Ministerial Decision on R&D Tax Credit, in English

The Emirati Ministry of Finance March 18 posted online, in English, Ministerial Decision No. 24/2026, implementing certain provisions of Cabinet Decision No. 215/2025 on the R&D tax credit. The ministerial decision clarifies that: 1) a 15 percent credit rate applies to R&D expenditures of up to 1 million Emirati dirhams (US$ 272,238), if an average of at least two R&D staff; 2) a 35 percent credit rate applies to the amount of expenditure exceeding 1 million dirhams and up to 2 million dirhams (US$544,476), if an average of at least six R&D staff; 3) a 50 percent credit rate applies ...