The UAE Ministry of Finance has published Ministerial Decision No. 115 of 2023, which establishes conditions for the Corporate Tax exemption for qualifying private pension funds and private social security funds. The main points are summarized as follows: Private Pension Fund A private pension fund may apply to the Federal Tax Authority (FTA) to be exempt from Corporate Tax under Article 4 (Exempt Persons) of the Corporate Tax Law where all of the following conditions are met: The fund comprises a pool of assets that have been assigned by law or contract as pension plan assets or the acquisition of...