An Unincorporated Partnership That is Treated as a Taxable Person in Its Own Right for the Purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses
The Cabinet:
− Having reviewed the Constitution,
− Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, and its amendments,
− Pursuant to what was presented by the Minister of Finance and upon the approval of the Cabinet,
Decided:
Article (1) Definitions
Definitions in Federal Decree-Law No. 47 of 2022 referred to above shall apply to this Decision.
Article (2) The Implications of Treating an Unincorporated Partnership as a Taxable Person in Its Own Right
Where the Authority approves an application made by the partners in an Unincorporated Partnership under Clause (8) of Article (16) of Federal Decree-Law No. 47 of 2022 referred to above to treat the Unincorporated Partnership as a Taxable Person in its own right, the Unincorporated Partnership shall be considered a juridical person and a Resident Person for the purposes of the aforementioned Corporate Tax Law.
Article (3) Publication and Application of the Decision
This Decision shall be published in the Official Gazette and shall be effective from 1 June 2023.
Mohammed bin Rashid Al Maktoum
Prime Minister
Issued by us:
On: 16 / Dhuʻl-Qiʻdah / 1446H
Corresponding to: 14 / May / 2025
Important Notice
The above extract has been provided for reference only and is based on information available in the public domain at the time of publication, which is subject to change. This does not constitute any form of advice or recommendation and therefore cannot be relied on to cover specific situations. We highly recommend that you consult with a qualified tax advisor in the UAE for personalized guidance based on your specific business circumstances. We accept no duty of care or liability for any loss occasioned to any person acting or refraining from action as a result of any material in this publication. Please refer to the following resources for the official and up-to-date information on the UAE Corporate Tax legal framework:- UAE Ministry of Finance: https://mof.gov.ae/tax-legislation/; and
- UAE Federal Tax Authority: https://tax.gov.ae/en/Legislation.aspx