Is the real estate sector subject to VAT?

Al Arabiya 27/12/17

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PwC's Jeanine Daou to Alarabiya: "There is a distinction in the tax law between residential properties and commercial buildings."

She also pointed out that the first sale of residential properties within 3 years of completion is subject to a 0% tax, while the rest of the supplies and rents are exempt from tax. As for the sale and rent of commercial property is subject to VAT value of 5%.

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