UAE Federal Tax Authority Clarifies Corporate Tax Treatment of Family Wealth Management Structures

The UAE Federal Tax Authority has issued Corporate Tax Public Clarification CTP008 on Corporate Tax treatment of family wealth management structures. The purpose of the Public Clarification is to provide clarity on the Corporate Tax implications of family wealth management structures, including a Single Family Office (SFO) or a Multi Family Office (MFO). This includes clarification on the corporate tax treatment of entities typically included in a family wealth management structure, includin…