MOF issued Cabinet Decision No. 127 on Unincorporated Partnership, Foreign Partnership and Family Foundation states:
- Unincorporated partnership shall not be considered as a Taxable person in its own right if the partners of an unincorporated partnership make an application to Authority to treat the said unincorporated partnership as a Taxable Person.
- Application made to the Authority shall be irrevocable once approved except for exceptional circumstances.
- the Unincorporated Partnership shall intimate the Authority within 20 business days about any changes in partnership composition.
