DUBAI / WAM Dubai Land Department (DLD) has announced the launch of Phase II of …
Read More »Residential units exempt from VAT
ABU DHABI / WAM The supply of commercial real estate, selling or leasing, will be subject to the Value-Added Tax (VAT) at 5%, while residential units will remain generally exempt, except for the first supply of a new residential building within the first three years of it being constructed, which will be 0% rated, according to a statement by the …
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