Media ININ Economy We Trust
Media In – Abu Dhabi 15 August
The Federal Tax Authority has completed all mechanisms for requesting the refund of value added tax on the construction of new housing for citizens and the conditions and documents required to be attached to the requests for refunds submitted to the Authority. The Authority called for the recovery of value added tax on the construction of new housing to carry out recovery procedures through the website of the Authority: www.tax.gov.ae noting that there are three basic conditions for the claim to recover the tax is that the applicant is a citizen of UAE nationality and be The expenses incurred are related to the construction of a new dwelling to be used exclusively as a residence for the applicant and / or his family (the family) and the expenses are related to basic and specific goods and services associated with the work of the consultant, contractor and construction materials. In a press release issued today by the Commission, the TRA called for a review of the guide available through the website of the Federal Tax Authority through the link: https://www.tax.gov.ae/en/pdf/VAT-Refund-Building-New-Residences-by-UAE-Nationals-User-Guide-full.pdf The guide provides a simple and comprehensive explanation of how to apply for a refund The value added tax on the construction of new housing by citizens of the State and the documents to be attached to the applications submitted to the Commission for consideration. The Authority confirmed that the citizen who built his private home is entitled to a refund of value added tax within six months from the date of completion of construction of the new dwelling, which is earlier than the date of occupancy of the dwelling or the date of issuance of the competent authority in the country.
