The Federal Tax Authority (FTA) has issued Decision No. 5 of 2025, which will come into effect on 1 July 2025. The Decision introduces unified tax compliance requirements for Unincorporated Partnerships, Foreign Partnerships, and Family Foundations for the purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses.
Decision No. 5 of 2025 replaces the previously applicable Decision No. 16 of 2023, retaining the basic provisions on registration of unincorporated joint ventures and income allocation among participants, while significantly expanding the regulatory framework.
– Specific deadlines have been introduced for the registration of previously unregistered Unincorporated Partnerships: by 31 August 2025, if the first Financial Year ended before 1 July 2025; or within 3 months from the end of the first Financial Year, if it ends after 1 July 2025.
– For the first time, a deadline has been established for submitting a Tax Deregistration application — no later than 3 months from the date of cessation of the Business or Business Activity...