Other sectors are required to keep their financial book records for five years The Federal Tax Authority on Tuesday issued Executive Regulations for value-added tax (VAT), which stated that real estate firms would have to maintain their books for 15 years. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the
Federal Tax Authority Clarifies Regulations Regarding VAT for the Real Estate Sector UAE VAT for Real Estate Sector : Abu Dhabi, November 18, 2017– The Federal Tax Authority (FTA) has clarified regulations pertaining to Value Added Tax (VAT) when it comes to the real estate sector, stating that the supply of commercial real estate (selling
Is VAT registration mandatory for Free Zone companies in Dubai, UAE? The short answer is YES. In recent, DMCC, DWC Free zones advised their customers to register for VAT. DWC : “There are strict deadlines on the requirement to register for tax, which are dependent on the size of your business. We recommend that you
VAT Registration for DMCC Companies – Notification from DMCC The VAT Executive Regulations have not been released in public domain and the complete clarity on the treatment of Free Zones is still awaited. However, based on the available information, we understand that all entities having a taxable supply exceeding AED 375,000 would be required to