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VAT Opportunities and Challenges of Real Estate in UAE
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Locations:
Go To Webinar
Start Date:
10/20/2021 3:00 PM
End Date:
10/20/2021 4:00 PM
VAT Opportunities and Challenges of Real Estate Sector in UAE
Foreword:
The UAE VAT regime contains specific provisions applicable to real estate sector, which requires these businesses to perform detailed analysis of their past and existing contracts, and ongoing output (Zero rated, Standard and Exempt) and the input supply transactions, in order to assess the correct VAT treatment, intention to pay, input tax recovery and ongoing reconciliations.
VAT applies differently on each type of real estate supplies, and can be complex and challenging with varied VAT treatments based on the nature of supplies. It is equally critical to ensure accurate Input VAT recovery, even though partial on purchases due to certain activities being exempt.
