Ministerial Decision 336 Designates VARA as Competent Authority for Corporate Tax Qualifying Activities
Summary
The UAE Ministry of Finance issued Ministerial Decision 336 of 2025 designating the Dubai Virtual Assets Regulatory Authority (VARA) as the Competent Authority for corporate tax purposes related to qualifying activities of Wealth and Investment Management Services and Fund Management Services. This designation applies to entities operating under Dubai Law No. 4 of 2022 regulating virtual assets.
What changed
Ministerial Decision 336 of 2025 formally designates the Dubai Virtual Assets Regulatory Authority (VARA) as the Competent Authority for administering corporate tax provisions related to specific qualifying activities in the virtual assets sector. Under Federal Decree-Law No. 47 of 2022 on Taxation of Corporations and Businesses, VARA will oversee entities providing Wealth and Investment Management Services and Fund Management Services involving virtual assets.
Virtual asset service providers, fund managers, and investment entities operating in Dubai must now interact with VARA for corporate tax compliance matters involving qualifying activity determinations. Entities claiming exemptions or benefits under the qualifying activities framework should ensure their operations align with VARA's regulatory definitions and maintain appropriate documentation for tax purposes.
What to do next
- Identify whether your virtual asset activities constitute qualifying Wealth Management, Investment Management, or Fund Management Services under Ministerial Decision 229 of 2025
- Register and comply with VARA requirements for corporate tax purposes if providing qualifying virtual asset services
- Maintain documentation demonstrating alignment with qualifying activity definitions for corporate tax exemptions
Archived snapshot
Apr 10, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Ministerial Decision No. 336 of 2025 on the Specification of a Competent Authority for the Purposes of Ministerial Decision No. 229 of 2025 Regarding Qualifying Activities and Excluded Activities for the Purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses Minister of State for Financial Affairs:
- Having reviewed the Constitution,
- Federal Law No. 1 of 1972 on the Competencies of Ministries and Powers of the Ministers, and its amendments,
- Ministerial Decision No. 229 of 2025 Regarding Qualifying Activities and Excluded Activities for the Purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, Has decided: Article (1) Specification of a Competent Authority The Dubai Virtual Assets Regulatory Authority established pursuant to Dubai Law No. (4) of 2022 Regulating Virtual Assets in the Emirate of Dubai shall be considered a Competent Authority for the purposes of the Qualifying Activities of Wealth and Investment Management Services and Fund Management Services as defined in Ministerial Decision No. 229 of 2025 referred to above. Article (2) Publication and Application of the Decision This Decision shall be published and be effective from 1 June 2023. Mohamed bin Hadi Al Hussaini Minister of State for Financial Affairs Issued on: 02/ Rajab/ 1447H Corresponding to: 22/12/2025
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