Cabinet Decision No. 63/2025 An Unincorporated Partnership That Is Treated as a Taxable Person in Its Own Right for the Purposes of Federal Decree-Law No. 47/2022 on the Taxation of Corporations and Businesses
The Cabinet has decided:
Having reviewed the Constitution,
Federal Decree-Law No. 47/2022 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.
Article 1 - Definitions
Definitions in Federal Decree-Law No. 47/2022 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.