All the construction related input VAT can be reclaimed if :

  • The individual is a UAE national.
  • Constructing the individuals place off residence.
  • The individual does not intend to sell the place within 2 years of construction.
  • Including only contractors service and building materials (does not include items like furniture & appliance)
  • The individual must submit the refund claim within 6 months of completion of building the residence.

We, at msi Alnoman and Ravi, are qualified to assist you through every step for your business. Our thorough knowledge in this field is ideal to guide your business, minimizing risk, to benefit your business.

Stay posted to know more about other VAT rules.To find more information on VAT you can visit the following:–

  1. Ministry of Finance
  2. Introduction to VAT
  3. Understanding VAT
  4. What do we need to when VAT comes into effect?
  5. Special VAT rules
  6. Reverse Charge Mechanism
  7. Categories of VAT
  8. Administration of VAT -FTA
  9. Time of supply
  10. What is supply
  11. FTA
  12. Penalties
  13. Challenge The FTA decision
  14. Filing Tax Return
  15. Registration
  16. Tax Audit
  17. VAT Grouping
  18. Zero- rating Transport Services
  19. Profit Margin Scheme
  20. Warranties