Taxation of partnerships

On 4 March 2024, the Federal Tax Authority (FTA) published a Corporate Tax Guide on the “Taxation of Partnerships”, aiming to clarify how the provisions of the United Arab Emirates Corporate Tax Law (UAE CT Law) apply to incorporated and unincorporated partnerships, and the partners. The guide states that it is not a legally binding document but is intended to provide assistance in understanding the tax implications for Incorporated Partnerships and Unincorporated Partnerships.

The alert aims to summarize the key characteristics of both types of partnerships and discusses the specific aspects of taxation of both types of partnerships and their partners, as explained in the aforesaid guide.

Contacts

We have a dedicated Corporate Tax team based in the UAE who have in-depth experience and can support you throughout your readiness journey. Please get in touch with one of our tax experts listed on the following page.You can also contact us and submit all your queries on this email cituae@deloitte.com.