- The UAE’s real estate sector is expanding rapidly, making tax compliance a challenge for developers, contractors, property managers, and homeowners.
- Dhruva Consultants has launched a VAT Guide for the real estate sector to simplify complex VAT regulations.
- The guide provides real-world insights aligned with Federal Tax Authority (FTA) guidelines.
- Dubai’s real estate transactions surpassed Dh761 billion in 2024, a 36% increase from the previous year.
- Abu Dhabi witnessed a 24.2% increase in real estate transactions in 2024 compared to the previous year.
- VAT mismanagement can lead to unexpected tax liabilities, project financing delays, and regulatory penalties.
- The guide explores VAT implications for phased developments, infrastructure cost allocations, and strategies for maximizing input VAT recovery for master developers.
- Construction companies will find guidance on managing VAT for advance payments, handling contract amendments, and addressing tax implications of project delays.
- Property managers and owners can gain clarity on tax treatments for leasing, service charge invoicing, and joint ownership arrangements.
- The guide incorporates industry-specific insights and practical case studies from Dhruva Consultants’ advisory experience.
- Dhruva Consultants aims to make tax simple and empower real estate professionals with clear, actionable knowledge to navigate VAT complexities and ensure financial optimization.
Source: msn.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.
