United Arab Emirates State News Announces Expansion of VAT Refund to Newly-Constructed Residential Homes

The Emirati News Agency June 9 announced a Federal Tax Authority initiative expanding VAT refunds for construction expenses to new homes of Emirati tax residents. The announcement includes that: 1) the initiative is currently active and applies to VAT refund requests submitted on or after Jan. 1; 2) the online portal for the refund lists the payments approved for refund; 3) the refund applies to items related to new housing construction that are part of the house’s components, accessories, or equipment, and that are intended for private residential use by the taxpayer and their immediate family; and 4) a lits ...