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IFRS 16 LEASES CONCEPTUAL CHART

April 18, 2024

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Taha Imtiaz-ACMA,APFA

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Introduction Real estate investment can be a goldmine if you know how to navigate the legal and tax landscape. This guide is your treasure map, designed to help natural persons in the UAE understand the ins and outs of real estate investment and its tax implications. Key Terms to Know Before we dive in, let’s get familiar with some essential terms: Corporate Tax : A tax on business profits. Real Estate Investment : Activities like selling, leasing, and renting property. Licensing Authority : The body that issues business licenses. The Corporate Tax Law The UAE’s Corporate Tax Law, established by Federal Decree-Law No. 47 of 2022, sets the stage for taxing corporate profits. This law, effective from June 1, 2023, includes provisions that exclude certain real estate investment income from corporate tax. Who Should Read This Guide? If you’re a natural p erson earning income from real estate, this guide is for you. It breaks down the tax rules and exclusions that apply to your invest...

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IFRS 16 LEASES CONCEPTUAL CHART

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