- Fund management services in the UAE are now VAT exempt
- Changes to VAT Executive Regulations have a significant impact on fund managers and funds in the UAE
- Managing investment funds independently is now specifically exempt from VAT
- The changes create a more favorable investment environment in the UAE
- Fund managers need to revise VAT treatment, review registration obligations, prepare for deregistration and audit, evaluate business forecast impact, adjust fee pricing, consider financial performance, and communicate changes to investors
- Compliance with new regulations is advised
Source: insightplus.bakermckenzie.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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