Explaining partnerships for Corporate Tax - Al Basma Accounting - Dubai



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Explaining partnerships for Corporate Tax

Explaining partnerships for Corporate Tax

Ahmed, Muhammad, and Hussein have a partnership contract to import goods and sell them to stores

A partnership contract between partners is not required to be registered with corporate tax

But Ahmed, Muhammad and Hussein must each register according to their share

Ahmed, Muhammad, and Hussein established their business with a limited liability company or another company separate from the partners’ responsibility

The company is the one requesting registration, not Ahmed, Muhammad and Hussein, like any normal company

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