As per the VAT Decree Law, 5% VAT apply to all Service transactions.
For Real Estate business, below is a table of 0% VAT or exempt of VAT:
|
Transaction |
VAT |
|
First Sale/Rent of residential building after completion of construction or conversion |
0% |
|
First Sale of Charitable building |
0% |
|
Sale/Rent of residential buildings subsequent to First supply |
Exempt |
|
Bare Land |
Exempt |
As a service provider, none of Propertyfinder activities are exempt from VAT.
As a business, if you have a government exception you need to provide us with the Exemption letter issued by the Federal Tax Authority.
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