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
Latest Posts in "United Arab Emirates"
- Essential Guide to FTA Audits in the UAE: Compliance, Triggers, and Preparation Steps
- How UAE Nationals Can Use the Maskan App to Claim VAT Refunds on New Homes
- Briefing document & Podcast: UAE E-Invoicing: VAT Compliance, Timelines, and Requirements
- UAE Mandates E-Invoicing for VAT Businesses: Key Deadlines and Compliance Requirements Announced
- Oxinus Named Among UAE’s First Five Pre-Approved eInvoicing Providers; Launches EsalTech with Dhruva
