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June 26, 2026

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Implementing Certain Provisions of the Multilateral Administrative Agreement for Automatic Exchange of Information

Cabinet Resolution No. 93 of 2021

The Cabinet

  • Upon perusal of the Constitution;

  • Federal Law No. (1) of 1972 Concerning Jurisdictions of Ministries and Powers of Ministers, as amended;

  • Federal Law No. (8) of 2004 Concerning Financial Free Zones;

  • Federal Law No. (14) of 2016 on the Administrative Violations and Penalties in the Federal Government;

  • Federal Decree-Law No. (15) of 2018 Concerning the Collection of Revenues and Public Funds.

  • Federal Decree No. (48) of 2018 Ratifying the Multilateral Administrative Agreement for Automatic Exchange of Information; and

  • Cabinet Resolution No. (17) of 2012 Concerning Collection and Exchange of Information for Implementing International Tax Agreements;

  • Cabinet Resolution No. 5/11 of 2020 Concerning Implementing Certain Provisions of the Multilateral Administrative Agreement for Automatic Exchange of Information; and

Resolved

Article 1 - Definitions

1 For the purpose of implementing this Resolution, the following words and expressions shall have, unless the context provides otherwise, the meanings respectively assigned –thereto:

State

:

The United Arab Emirates

The Agreement

:

The Multilateral Administrative Agreement for Automatic Exchange of Information ratified by Federal Decree No. 48 of 2018.

Common Reporting Standard

:

The Standard for Automatic Exchange of Financial Account Information issued by the OECD.

Competent Authority

:

Ministry of Finance.

Regulatory Authorities

:

The authorities identified in Article 3 of the Resolution.

Financial Institution

:

The financial institution as defined in the regulations issued by the Regulatory Authority.

Account Holder

:

The account holder as defined in the regulations issued by the Regulatory Authority.

Controlling Person

:

The controlling person as defined in the regulations issued by the Regulatory Authority.

Article 2 - Scope of Application

  1. This Resolution shall apply to -

    1. the Reporting Financial Institution; and

    2. the Account Holder and, if applicable, the Controlling Person with a Reportable Account maintained by the financial authority.

Article 3 - Regulatory Authorities