The FTA's new guide, issued on May 6th 2024, provides guidance on the treatment of investment funds and investment managers under the Corporate Tax Law.
The guide gives an overview of the following:
- definitions of an "investment fund" and an "investment manager";
- conditions under which an investment fund can be exempt from the corporate tax;
- conditions under which a real estate investment trust (REIT) is exempt from the corporate tax;
- conditions under which a non-resident investment manager may benefit from a tax exemption;
- tax consequences for an investor in a real estate investment trust (REIT);
- corporate tax compliance requirements.
The Guide is recommended to be examined by natural or legal persons involved in managing or advising the UAE investment funds.
UAE — 06 May 2024
Original article: Tax.gov.ae