The UAE introduced Value Added Tax (VAT) in 2018 with great impact on a wide range of sectors including the real estate industry. However, you need to understand how the Federal Tax Authority (FTA)’s tax rates on taxable and non-taxable supplies in the real estate sector to understand the VAT impact on the sector. Consulting with tax agents in Dubai will help you better understand VAT on the residential real estate sector in the UAE. Read ahead to know further:
Source: jcauaeaudit.com
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