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New corporate tax in Dubai. What to expect?
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On January 31, 2022, for the first time in the history of UAE, a 9% corporate tax on business profits was announced.
Why did this happen now and how can it affect the Dubai real estate market?
We discussed with Ax Capital experts – Senior Property Consultant, Aram Grigorian, and Head of Sales, Hisham El Assaad.
Timecode:
1:33 – Why did the UAE introduce tax?
2.20 – Who should pay?
3:55 – Will there be a property tax and rising service fees?
4:15 – Tax VS Demand: what will drive up property prices?
5:36 – Will the UAE go the way of Singapore?
6:14 – Impact on property investors
8:00 – Was the introduction of corporate tax expected?
10:27 – Will the tax affect the daily life of residents?
🎧 Listening time – 11 minutes
Do you still have questions about corporate tax on business profits in the UAE? Ask the host🔻
📲 Telegram, WhatsApp
+ 971 52 647 7762
📧 a.grigorian@axcapital.ae
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