UAE announces rules on tax for real estate investments

 

The UAE has issued rules on whether income from real estate investments is subject to corporate tax in the country.

The Ministry of Finance announced the rules in a cabinet decision, which clarifies rules on property across the United Arab Emirates

It outlines whether foreign companies and property owners based outside the country need to register investments for tax purposes.

The UAE Ministry of Finance announced the issuance of Cabinet Decision No. 56 of 2023 on a Non-resident Person’s Nexus in the UAE for the purposes of Federal Decree-Law No 47 of 2022 on the Taxation of Corporations and Businesses.