FTA has published Corporate Tax Guide on Investment Funds and Investment Managers

FTA has published Corporate Tax Guide on Investment Funds and Investment Managers

The guide provides readers with an overview of:

* An overview of the meaning of Qualifying Investment Fund and Investment Manager.

* Conditions for a Qualifying Investment Fund to be exempt from Corporate Tax.

* Conditions for a Real Estate Investment Trust (“REIT”) to be exempt from Corporate Tax.

* Tax implications for an investor investing in a Qualifying Investment Fund.

* Conditions for a foreign person to benefit from the Investment Manager Exemption as specified under Article 15 of the Corporate Tax Law.

* Relevant Corporate Tax compliance requirements for the above.

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