Value Added Tax (VAT)
1. General Definition Value Added Tax (VAT) is an indirect tax imposed on the import and supply of goods and services in the United Arab Emirates. It is calculated at a rate of 5% on most supplies. 2. Scope of…
Category VAT
Registration of Sole Proprietorships for VAT Purposes
First: Definition of Sole Proprietorship A sole proprietorship is an entity wholly owned (100%) by a natural or legal person. A sole proprietorship does not have a separate legal personality from its owner and is considered part of that person…
VAT Treatment of the Real Estate Sector
VAT Treatment of the Real Estate Sector Definition of Real Estate Real estate includes land, buildings, structures, and engineering works permanently attached to the land. A real estate supply refers to the transfer of ownership, usage rights, or benefit to…
VAT Refund for UAE Nationals on New Home Construction
1. Introduction and Overview This system was established to enable UAE Nationals to reclaim the Value Added Tax (VAT) paid on the costs of constructing their new private residences. It applies exclusively to natural persons who are UAE citizens and…