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UAE Issues Guidance on a Change in the Permitted Use of a Building for VAT Purposes and Updates VAT Guide on Real Estate

|Approved Changes|Untd A Emirates
Untd A Emirates

The UAE Federal Tax Authority (FTA) has issued a public clarification on the effects of a change in the permitted use of a building for VAT purposes. The public clarification provides in summary that the sale of a building constitutes the supply of a single indivisible good at the date of supply. If the purchaser subsequently changes the permitted use of the building, it does not impact the VAT…

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