Ministerial Decision No. 261 of 2024 On Unincorporated Partnership, Foreign Partnership and Family Foundation 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, 
- Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, and its amendments, 
- Ministerial Decision No. 127 of 2023 on Unincorporated Partnership, Foreign Partnership and Family Foundation for the Purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, 
Has decided : 

Article 1 – Definitions 

Words and expressions in this Decision shall have the same meanings specified in the Federal Decree-Law No. 47 of 2022 referred to above (“Corporate Tax Law”), unless the context otherwise requires. 

Article 2 – Conditions for an Unincorporated Partnership not to be Considered a Taxable Person in its Own Right 

For the purposes of Clause (1) of Article 16 of the Corporate Tax Law, and without prejudice to Clause (7) of Article 16 and