In the UAE, many individuals strategize personal wealth management, asset protection, and legacy planning by establishing a family foundation structure. UAE Foundations are subject to UAE Corporate Tax (CT) but careful planning can mean that the effective rate of CT is 0%. It is crucial that when a foundation serves solely to hold and […]
All Taxable Persons are mandated to register for UAE Corporate Tax (CT) and obtain a CT Registration Number. The Federal Tax Authority (FTA) recently issued Decision No. 3 of 2024, delineating the timelines for Corporate Tax (CT) registration by Taxable Persons. This Decision will take effect from 1 March 2024. The deadline for submitting a […]
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