UAE Corporate Tax: Taxation Of Family Foundations
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 oversee assets for the benefit of beneficiaries, its CT treatment differs from that of individuals directly managing the assets. Foundations should conduct a comprehensive analysis, weighing the pros and cons of tax transparency against other CT Reliefs/Exemptions. It is recommended to simulate the alternatives to make informed decisions.
How can we help?
Rethink provides tax and HR advisory, optimization, registration, implementation, compliance, and training services in UAE.
We designed our Corporate Taxation services to suit high-growth firms and their specific business needs at each stage of advisory, implementation, subsequent tax compliance, and management.
With our team of tax and HR advisors, finance experts, and tax accountants, we can provide you with a bundle of services, ensuring the implementation is cost-effective.
AUTHORS
Keerthi Voodimudi
Director – Tax
Neil Guthrie
Senior Director – Finance & Tax
