According to Amac News: In the announcement of the Federal Tax Authority, it is stated that this agreement was signed with the aim of increasing tax compliance for real estate and commercial land sales.
The first phase of this partnership has been completed through data sharing through electronic communication media and work is underway on other digital features that will be announced in the coming period.
The joint collaboration between the Federal Tax Authority and the Dubai Land Authority was announced on the sidelines of GITEX Global 2024 at the Dubai World Trade Center.
The initiative seeks to establish an efficient mechanism to ensure tax compliance through the collection of VAT applicable to the sale of real estate and commercial land.
This initiative seeks to strengthen cooperation between the Federal Tax Authority and the Dubai Land Authority in various areas.