The UAE Ministry of Finance has published Ministerial Decision No. 261 of 2024, which concerns the treatment of unincorporated partnerships, foreign partnerships, and family foundations. Key points include: The compliance requirements for unincorporated partnerships are reduced with the elimination of the obligation to notify the Federal Tax Authority (FTA) within 20 business days of any changes to partnership composition, such as new partners joining or existing partners departing, with composition changes instead notified with the tax return; It is clarified that a foreign partnership will be treated as tax transparent in the UAE if the partnership is treated as such...