Ministerial Decision No. 96 of 2025 on Conditions to Exempt Certain Real Estate Investment Trusts from Corporate Tax
Preamble
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 #sec-1
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 #sec-2
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 #sec-3
This Decision shall apply to Tax Periods commencing on or after 1 January 2025.
Article 4 — Publication and Application of the Decision #sec-4
This Decision shall be published and come into effect on the date of its issuance.