Corporate tax is levied on the taxable income of businesses. Taxable income refers to the amount left after deducting all expenses allowed by the tax laws. In the UAE, any commercial activity conducted on the mainland under a commercial or trade license is subject to corporate tax. Therefore, real estate businesses will be subjected to corporate tax, similar to other industries. It is important to note that the income generated from the real estate sector can come from various sources, and most of these incomes will be taxable under the new CT regime.
