The Federal Tax Authority (FTA) has announced that it is developing a 'tax calculator' specifically for Value Added Tax (VAT) on commercial properties in the United Arab Emirates. This new tool aims to simplify the process of calculating and paying tax for property owners and investors in the commercial real estate sector. The calculator will provide accurate calculations based on the property's market value and the applicable VAT rate, helping to prevent errors and ensure compliance with the country's tax laws.
