- Delivery of undeveloped land or land in the process of urbanization for business purposes is exempt from VAT
- Exemption applies when the land is still in a rustic state or when urbanization has not yet begun
- Exemption does not apply once urbanization has started or is completed
- Exemption does not apply to land that is already considered buildable or has a building permit
Source: audiconsultores-etlglobal.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
