Exemption of VAT related to construction activities?
We have imported tiles through our real estate company which will be used in the construction of villas which eventually will be sold. Any idea if vat is exempted as items is related construction activities. The company don’t have VAT registration.
Not exempted. Company will have to pay import VAT at standard rate which will become cost to the company.
He is talking on sale. As sale of property is an exempted sale.