VAT on additional GFA
Over the past years, the UAE has witnessed an exponential growth in the development of real estate projects,and it is known for its flamboyant infrastructure.The master developers are creating new communities having residential, commercial and leisure establishments. In addition, plot of land is also sold to other builders for similar development purpose. This brings us to an important question on taxability of Gross Floor Area (‘GFA’).
Source GCCFintax
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