The Federal Tax Authority (FTA) has set three requirements and procedures for UAE nationals to refund Value Added Tax (VAT) incurred on new residences.The conditions state that in order to refund VAT, applicants must be UAE national; the monetary cost in question must have gone towards financing the construction of a new residence, set to be used exclusively as a residential unit for the applicant...
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The legal framework in the United Arab Emirates has been imminent and divergent, to bring about progressive changes and development in the country. Aiming similar outcomes for the region, the new UAE tax law was introduced recently on 1st January 2018.According to the new tax law in Dubai - UAE, Value Added Tax (VAT in UAE) is applicable to various categories of businesses and services...
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