Corporate Tax Implications for the Real Estate Sector in the UAE
The introduction of corporate tax in the UAE marks a significant shift in the financial landscape, particularly impacting the real estate sector. As of June 1, 2023, a 9% corporate tax is levied on income generated from the real estate sector , affecting both foreign and domestic investors. This blog explores the implications of this tax for businesses in Dubai's real estate sector, highlighting key considerations for compliance and optimization. Overview of Corporate Tax in Dubai The corporate tax in Dubai applies to businesses and individuals earning more than AED 375,000 annually from real estate activities. This includes income derived…