UAE: Guidance on VAT treatment of real estate transactions

UAE: VAT treatment of real estate transactions

The tax authority published guidance items concerning the value added tax (VAT) treatment of real estate transactions.


Related content

  • The VAT real estate guide (VATGRE1) has been updated to reflect the tax authority’s views on a number of topics, including Musataha agreements, the exemption for “bare land,” and the VAT status of owners’ associations.
  • A public clarification (VATP018) reflects the tax authority’s position on the consequences arising from a change in permitted use since the time when a building was acquired.

Read an April 2020 report prepared by the KPMG member firm in the UAE

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