- Commercial rental properties are subject to GST registration requirements
- Requirements apply to both GST-registered taxpayers and non-GST-registered individuals
- Commercial rental space includes retail, office, industrial, hospitality, mixed-use properties, and parking facilities
- Agricultural or farming spaces are exempt from GST registration
- Providers must obtain a valid business license to operate legally
- Failure to comply may result in penalties, fines, or legal actions
- Starting November 18, 2024, unregistered providers will be in violation of the law
- Operators are urged to complete GST registration and obtain a business license promptly
- Contact the Inland Revenue Department for assistance or visit their office for registration
- Cooperation in adhering to local laws and regulations is appreciated.
Source: ird.gov.ai
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.
