The FTA has recently issued a public clarification under UAE VAT law that discusses the VAT treatment with respect to change in the permitted use of a building. Sale of a building may be zero-rated, standard-rated or exempt from VAT, depending on the nature of the building and the permitted use thereof at the date of supply. We have summarised below the gist of the key UAE VAT positions discussed in the clarification.
Source: skpgroup.com
Latest Posts in "United Arab Emirates"
- UAE Simplifies VAT Recovery Documentation for Imported Services Under Reverse-Charge Mechanism
- Comprehensive Guide to UAE Free-Zone Business Compliance Under Ministerial Decision No. 229 of 2025
- UAE E-Invoicing Mandate for VAT Businesses Begins July 2026 with Phased Rollout
- RTC Webinar: UAE e-Invoicing: A Corporate Perspective on the Mandate and Opportunities, 25 September | 4 – 5 PM (Dubai)
- FTA Publishes Guidance EXTP012 on Shifting to Tiered Volumetric Excise Tax for Sweetened Drinks