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The impact of VAT in the real estate! Would you pay more for your rent in Dubai?
The long-awaited UAE VAT legislation, namely Federal Decree Law (8) of 2017 (the VAT Law) is finally out and everyone can at last be properly informed about the impact of VAT on their everyday lives, as well as all the various industry sectors that will be affected thereby.
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Federal Tax Authority: Donations, Grants and Sponsorships Exempt from VAT Only When Donor, Grantor or Sponsor Has Not Received Benefits in Return
The Federal Tax Authority (FTA) has outlined the principles that must be applied to ascertain the taxability of donations, grants, and sponsorships, noting that if the donor, grantor, or sponsor has received any benefit in return for such payments,
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