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Ministerial Decision No. 96 of 2025
Ministerial Decision No. 96 of 2025 on Conditions to Exempt Certain Real Estate Investment Trusts from Corporate Tax
Text as published by the Ministry of Finance
English text as published by the Ministry of Finance. The Arabic text prevails.
Preamble and recitals
Ministerial Decision No. [96] of 2025 on 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
Source: Ministry of Finance publication, ed. “MOF text”. Original file.