UAE Corporate Tax on Family Foundations & Trusts | Tax Implications & Compliance

Описание: This video dives into the application of UAE Corporate Tax (CT) for family foundations and trusts, offering insights into how these entities are treated under UAE’s corporate tax laws. Learn about the tax obligations, compliance requirements, and any special considerations for family foundations and trusts operating in the UAE. This session is crucial for families, trustees, and legal advisors who need to understand corporate tax implications and compliance processes for these entities.

Topics Covered:

Overview of UAE Corporate Tax for family foundations and trusts
Tax treatment of family-held entities in the UAE
Compliance requirements and potential tax exemptions
Practical examples for effective compliance

By default, the family foundations (except trust created through contractual agreement) incorporated in the UAE would have been subject to the CT being a juridical person established in the UAE, and their worldwide income would have been subject to CT, but, considering the activity's non-profit nature, special provisions have been included in the law.
Under article 17 of the law, as a special case, the family foundation has been given the option to be treated as an unincorporated partnership if the family foundation meets the criteria given in article 17 of the law. To avail of the option to be treated as an unincorporated partnership, the family foundation can apply to the FTA.

Ideal for family offices, trustees, tax professionals, and advisors involved in managing family foundations or trusts within the UAE.

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