How Taxes Work for Partnerships in the UAE ?
There are two types of partnerships: unincorporated and incorporated.
- Unincorporated Partnerships: These are like informal partnerships where people work together but aren’t seen as a separate business by the tax authorities. Instead, each person in the partnership pays taxes on their share of the partnership’s earnings.
Incorporated Partnerships: These are more formal partnerships, and they’re taxed like regular companies.
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