Common Mistakes Real Estate Firms Make with Corporate Tax in Dubai
Dubai's real estate sector has seen unprecedented growth over the past few decades, becoming a global hub for property investments. As the market evolves, so does the regulatory landscape, particularly concerning corporate tax. While Dubai remains attractive due to its favorable tax environment, real estate firms often make mistakes that can lead to significant financial and legal repercussions. This article delves into common mistakes real estate firms make with corporate tax in Dubai and provides insights on how to avoid them. 1. Misunderstanding the Tax Exemption Criteria One of the most significant advantages of operating in Dubai has been the absence of corporate tax for most businesses. However, there are specific exemptions and criteria that firms must understand clearly. Real estate firms sometimes assume that all their income is tax-free, overlooking that certain activities may still be subject to corporate tax in Dubai . Firms should stay updated on tax regulations and