Investment Fund - Special consideration for CT, TP and FATCA

Due to a myriad of reasons such as strategic location, tax-free market, high return on investment, stable economy, and world-class infrastructure, the United Arab Emirates (UAE) has been a preferred choice for setting up an investment fund and managing its activities.

To discuss this topic and its intricacies more, Nexdigm’s subject matter experts Lokesh Gupta, Associate Director, Tax and Transfer Pricing, Nexdigm. During the webinar, Lokesh spoke at length and briefly explained how investment funds, taxpayers, and business entities are taxed under the UAE Corporate Tax law.

Lokesh also highlighted the qualifying investment funds while stating their meaning, such as the conditions to qualify as a free zone person.

He also gave an overview of the difference between the Foreign Account Tax Compliant Act (FATCA) and Common Reporting Standards (CRS) while stating the obligations falling under the request for interest (RFI) framework.