VAT in eviction-construction transactions

Principle

In eviction-build, the tenant hands over an old apartment and receives a new apartment. The construction services are subject to VAT, but there are exemptions.

Reliefs

VAT concessions are given on the construction services component of the approved projects. The VAT applies to the developer, not the tenant.

Important Note: The information on this website is for general informational purposes only and does not constitute professional tax advice. Consult a qualified tax advisor before making financial decisions.