FTA Guide Released: Corporate Tax Guidelines for Investment Funds and Investment Managers

UAE, 6 May, 2024 : UAE's Federal Tax Authority (FTA) has recently unveiled a new comprehensive guide CTGIFM1 aimed at elucidating the Corporate Tax treatment specifically tailored for investment funds, investors, and their collaborations with Investment Managers within the UAE. This guide is particularly valuable for any person seeking to apply either the exemption for Qualifying Investment Funds or the Investment Manager Exemption, providing detailed insights and guidelines to navigate these regulatory provisions effectively.

This guide explains some of the terms and conditions in the Corporate Tax Law, and sets out the following:

• An overview of the meaning of Qualifying Investment Fund and Investment Manager.
• Conditions for a Qualifying Investment Fund to be exempt from Corporate Tax,
• Conditions for a Real Estate Investment Trust (“REIT”) to be exempt from Corporate Tax,
• Tax implications for an investor investing in a Qualifying Investment Fund,
• Conditions for a foreign person to benefit from the Investment Manager Exemption as specified under Article 15 of the Corporate Tax Law, and
• Relevant Corporate Tax compliance requirements for the above.

 This guide will be useful for investors, financial advisors, tax professionals, and individuals involved in managing or advising investment funds and provides insights into tax implications, exemptions, and regulations relevant to these entities.

You can access the guide by clicking the link below :

Investment Funds and Investment Managers | Corporate Tax Guide |  CTGIFM1

Source : www.tax.gov.ae