The UAE Ministry of Finance has announced the issuance of Cabinet Decision No. 81 of 2023 on additional conditions for qualifying investment funds, which may be exempted from tax under the new Corporate Tax Law. Conditions to Exempt an Investment Fund from Corporate Tax Under the Corporate Tax Law As provided under Article 10 of the Corporate tax Law, an investment fund may apply to the tax authority to be exempt from Corporate Tax as a Qualifying Investment Fund where all of the following conditions are met: The investment fund or the investment fund’s manager is subject to the regulatory...