UAE Federal Tax Authority Provides Guidance on Taxation of Investors in an Exempt Real Estate Investment Trust

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.

---

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…