New Dubai 9% corporate tax on profits. What to expect?

On January 31, 2022, for the first time in the history of the UAE, a 9% tax on corporate income was announced. Why did this happen right now and how can it affect the Dubai real estate market? We are discussing with Ax Capital experts Aram Grigoryan and Head of Sales at Ax Capital, Hisham El Assaad.

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Timeline

01:34Why does the UAE impose tax

02:20Who will not be impacted by taxes

03:00Benefits of tax

03:50Will there be a property tax

05:30Will the UAE pursue Singapore's path

06:11Will be property investors impacted by the new tax

07:44Has Covid affected the imposition of taxes

10:00How the tax will affect everyday life