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.
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