22 Hrs
Source:
مباشر
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Start of VAT claim registration for property supplies
The Zakat, Tax and Customs Authority has begun accepting VAT refund applications for real estate supplies made by individuals. This applies to supplies that occurred between January 1, 2018, and the effective date of the Real Estate Transactions Tax provisions on October 4, 2020. To be eligible to submit a request, the property must have been supplied by an individual, and the VAT must have been paid to the Authority without that individual regularly and systematically engaging in real estate sales as a business to generate income. Additionally, the supply individual must not have deducted input VAT related to the property, nor have exceeded the mandatory registration threshold in 12 consecutive months. Individuals can submit their refund requests through the "Hiyad" digital platform within 30 days of the announcement of the procedure, provided all conditions are met.
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