The Federal Tax Authority (FTA) has published a tax guide on investment funds and investment managers.
The guide provides clarification on the following aspects:
- the definitions of qualifying investment fund and investment manager;
- the conditions for a qualifying investment fund to be exempt from corporate tax;
- the conditions for a real estate investment trust (REIT) for being exempt from corporate tax;
- the tax implications for an investor investing in a qualifying investment fund;
- the conditions for a foreign person to benefit from the investment manager exemption as specified under article 15 of the Corporate Tax Law; and
- the tax compliance requirements for investment funds and investment managers.
The FTA published the Tax Guide for Investment Funds and Investment Managers on 6 May 2024.
Source: IBFD Tax Research Platform News