Public Clarification on Dubai Owners’ Associations and Management
Jay Krishnan, Partner
Dubai Owners’ Associations were required to apply for VAT deregistration not later than 4th December 2019 as they are not making taxable supplies based on the Law No. 6 of 2019 issued on 4th September 2019. Management Entities are regarded as making supplies to the owners of Jointly Owned Real Property and required to fulfill VAT obligations in this regard, including the issuing of valid tax invoices and VAT reporting.
Any non-compliance with regard on account of such supplies by the Owners Associations and the Management Entities will result in administrative penalties and fines.
Click here to know in detail Public Clarification on Dubai Owners’ Associations and Management Entities (VATP022) issued by FTA.
Tax Updates in the UAE – What you need to know?
HLB HAMT Partner Jay Krishnan, has detailed some important updates on VAT applicability for real estate, medical equipment, ESR and excise tax in our latest edition of our Insight supplement.
VAT Applicable for Services Provided by Artists and Influencers in UAE
Artists and influencers in UAE will not be exempted from VAT anymore. The FTA has come up with a bulletin that discusses about the applicability of VAT on artists and influencers.
Get in touch
Whatever your question our team will point you in the right directionStart the conversation