FTA broadens VAT refunds for new housing
The Federal Tax Authority has launched an initiative to expand the scope of VAT recovery related to the construction of new housing for citizens, aiming to support homeownership and alleviate the financial burden on families. The initiative is expected to provide approximately 200 million AED to over 8,000 citizens, with demand increasing in 2026 to exceed one billion AED compared to 754 million AED in 2025. Eligible items for recovery include housing extensions, security and smart devices, swimming pools, and reconstruction works, provided that the specified conditions and procedures are met.
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