"Federal Taxes" It allows a request "The treatment of the family institution is a joint coalition" via "Emirat Tax"
Abu Dhabi, March 10 / WAM / The Federal Tax Authority launched a “new request” service via the “Emirates Tax” platform for digital tax services; It allows qualified family institutions to apply for their treatment of joint coalitions, provided that the specific requirements are fulfilled in accordance with the provisions of Decree Law No. 47 of 2022 regarding the corporate and business tax, as well as Ministerial Resolution No. 261 of 2024 regarding the joint coalition, foreign partnership and the family institution for the purposes of the Federal Law No. 47 of 2022 in Corporation and business tax.
The new service for family institutions provides the ability to request a coordination of a joint coalition for corporate tax purposes, taking into account the fulfillment of specific conditions as stipulated in relevant legislation.
This step comes within the authority’s plans to improve its services in accordance with the best international practices, provide comprehensive support to the business sector, and facilitate compliance with the corporate tax law and procedures, with ease and accuracy. According to the authority, the family institutions wishing to submit an application to treat the family institution as a joint coalition must be registered in advance for the purposes of corporate tax.
The commission stated that a request for the treatment of the family institution may be submitted by a joint coalition by the taxpayer, his tax representative, or his legal representative.
Once the request is approved, the family institution will not be obligated to submit corporate tax declarations. In addition, individual beneficiaries must determine whether they are obligated to register for corporate tax purposes and submit a tax approval for the relevant tax period. To provide the request, the applicants must verify their fulfillment of the conditions specified in accordance with the Law on Corporate Tax, Legislation and Related Decisions.
The request is presented by choosing a “corporate tax” via the digital platform “Emirates Tax”, then choosing the request of the “family institution a joint coalition”, and attaching the required documents, as the application process does not take only a few minutes.
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