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Latest Public Clarification State about VAT Treatment on Supply of Building in the UAE

The UAE The UAE Federal Tax Authority (FTA) has released a public clarification on 27th April 2020 with regard to VAT on Real Estate in the UAE vide Number VAT018 clarifying the VAT treatment on the sale of a building and its subsequent supply, where the buyer has changed the permitted use of the building.

Source: emiratesca.com

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