Below we have summarized various updates in respect of immovable property in the Middle East
Bahrain
Oman
Saudi Arabia
- Adjustment of previously deducted input VAT on real estate capital assets
- Details of real estate transaction tax
- Recovery of input VAT by real estate developers
- Refund of VAT to licensed Real Estate developers
- Saudi Arabia Tax Agency Issues Guide on VAT for Real Estate Operations
- Summary of key tax changes in KSA
- Treatment of VAT on Real Estate Transactions in Saudi Arabia
United Arab Emirates
- FTA Clarifies VAT Obligations of Real Estate Management Entities in Dubai
- Updated Real Estate VAT Guide
- VAT obligations of real estate management entities in Dubai
- VAT treatment – Supply of Commercial Real Estate
For more (worldwide) news about VAT/GST etc. regarding real estate, please click here.
