The UAE Federal Tax Authority has issued Corporate Tax Public Clarification - CTP005 on the Taxation of investors in a Real Estate Investment Trust that is exempt from Corporate Tax as a Qualifying Investment Fund.
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Issue
The Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Business, and its amendments ("Corporate Tax Law") applies to Tax Periods commencing on or after 1 June 2023.
A Real Estate Investment Trust ("REIT") that meets all of the conditions of Articl…