Conditions to Exempt Certain Real Estate Investment Trusts from Corporate Tax
Minister of State for Financial Affairs:
- Having reviewed the Constitution,
- Federal Law No. 1 of 1972 on the Competencies of Ministries and Powers of the Ministers, and its amendments,
- Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, and its amendments,
- Cabinet Decision No. 34 of 2025 on Qualifying Investment Funds and Qualifying Limited Partnerships for the Purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses,
Has decided:
Article (1) Definitions
Words and expressions in this Decision shall have the meanings specified in Cabinet Decision No. 34 of 2025 referred to above, unless the context otherwise requires.
Article (2) The Percentage of Shares Required to be Floated on a Recognised Stock Exchange
The minimum percentage of shares that must be floated on a Recognised Stock Exchange for a Real Estate Investment Trust whose shares are listed for the first time on a Recognised Stock Exchange during the period from 1 May 2025 to 31 May 2025 shall be 10% (ten percent), instead of the percentage specified in subparagraph (1) of paragraph (b) of Clause (1) of Article (4) of Cabinet Decision No. 34 of 2025 referred to above.
Article (3) Application of the Decision to Tax Periods
This Decision shall apply to Tax Periods commencing on or after 1 January 2025.
Article (4) Publication and Application of the Decision
This Decision shall be published and come into effect on the date of its issuance.
Mohamed bin Hadi Al Hussaini
Minister of State for Financial Affairs
Issued by us: On: 16 / Shawwal / 1446
Corresponding to: 14 / 04 / 2025
Important Notice
The above extract has been provided for reference only and is based on information available in the public domain at the time of publication, which is subject to change. This does not constitute any form of advice or recommendation and therefore cannot be relied on to cover specific situations. We highly recommend that you consult with a qualified tax advisor in the UAE for personalized guidance based on your specific business circumstances. We accept no duty of care or liability for any loss occasioned to any person acting or refraining from action as a result of any material in this publication. Please refer to the following resources for the official and up-to-date information on the UAE Corporate Tax legal framework:- UAE Ministry of Finance: https://mof.gov.ae/tax-legislation/; and
- UAE Federal Tax Authority: https://tax.gov.ae/en/Legislation.aspx