1. A Qualifying Free Zone Person may elect to be subject to Corporate Tax at the rates specified under Clause (1) of Article (3) of this Decree-Law. 2. The election under Clause (1) of this Article shall be effective from either of: a. The commencement of the Tax Period during which the election is made. b. The commencement of the Tax Period following the Tax Period during which the election was made.
Interpretation and application must be checked against the official text and current version.