VAT/GST developments regarding real estate in the Middle East

Below we have summarized various updates in respect of immovable property in the Middle East

Bahrain

• VAT relief for construction and real estate sector

Oman

• GCC Indirect Tax Weekly Digest – 30 November 2020
• Residential rentals VAT-exempt in Oman

Saudi Arabia

• Adjustment of previously deducted input VAT on real estate capital assets
• Details of real estate transaction tax
• Recovery of input VAT by real estate developers
• Refund of VAT to licensed Real Estate developers
• Saudi Arabia Tax Agency Issues Guide on VAT for Real Estate Operations
• Summary of key tax changes in KSA
• Treatment of VAT on Real Estate Transactions in Saudi Arabia

United Arab Emirates

• FTA Clarifies VAT Obligations of Real Estate Management Entities in Dubai
• Updated Real Estate VAT Guide
• VAT obligations of real estate management entities in Dubai
• VAT treatment – Supply of Commercial Real Estate

For more (worldwide) news about VAT/GST etc. regarding real estate, please click here.

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