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UAE Federal Tax Authority issues guide to Real Estate VAT

UAE Federal Tax Authority issues guide to Real Estate VAT

Posted on 13-Mrz-2018 02:10

The United Arab Emirates (UAE) Federal Tax Authority (FTA) has issued guidelines on Real Estate VAT. The long awaited 33-page manual FTA Real Estate Guide, published on the FTA website covers the relevant guidelines on the following topics:

·       Residential buildings

·       Charitable buildings

·       Bare land

·       Commercial real estate

·       Mixed use developments

·       Owners associations

·       Development infrastructure

·       Supplies between landlords and tenants

·       Place of supply

·       Construction industry

·       VAT refunds for new residences

·       Transitional provisions

As an important part of the Dubai economy, the guide is an important step forward clarifying many issues previously raised in the Real Estate / Construction sector. These include the supply of accommodation in labour camps, partially completed buildings, leasing of bare land for development, VAT recovery on infrastructure costs, mixed use developments, landlord contributions towards tenants’ costs, place of supply of real estate related services, supplies of real estate within the Designated Zones and retention payments.


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