- The General Financial Directorate (GFD) issued guidance on recent amendments to the VAT Act.
- New VAT exemption rules apply to real estate sales and the classification of land as building land, effective July 1, 2025.
- The amendments address parameters for structures permanently attached to land, including dismantling, relocation, and mobile homes.
Source: kpmg.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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