UAE Tax Recommendations on Tax-Exempted Persons

UAE Tax Recommendations on Tax-Exempted Persons

interested in the corporate tax rules applicable to qualified public benefit organizations, The UAE Federal Tax Service has provided recommendations on tax-exempt individuals, including public benefit organizations, pension funds, and social insurance funds.

On December 1, 2023, the UAE Federal Tax Administration (FTA) published a Corporate Tax Guide for Preferential Categories of Individuals 👉🏻https://bit.ly/3NoUlBY

This guide is intended to provide general recommendations on the status of individuals exempt from paying taxes for corporate tax purposes.

It provides an overview of the conditions for obtaining the appropriate status for:

🔸 qualified socially beneficial organizations;

🔸 state pension funds or social insurance funds;

🔸 private pension funds or social insurance funds, as well as

🔸 wholly owned and controlled subsidiaries of pension funds and social insurance funds.

This guide should be read by anyone public and private pension funds, or social security funds, as well as to their wholly owned or controlled subsidiaries in the UAE, either to which they are spread or subject to their influence.

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