VAT Implications on Income from Commercial Property

“Do you own a commercial property in the UAE, and is VAT applicable to the sale or lease of such properties?”

The interesting part of the answer is not a simple ‘yes’. There are two possible scenarios to explain, and VAT will applicable only where it is Taxable Supply.

• When can it be considered as Taxable Supply?
• When can this be considered as a Business?
• Important Definition for reference from UAE VAT Law

Source: PERSPECTIVE TAX CONSULTANT & BUSINESS SETUP SERVICES

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