Tax Authority to have 150 days to refund tax and ensure 6% VAT on construction
The proposed law to reduce VAT on the construction of houses for sale or rent at moderate prices was submitted to parliament today, giving the tax authority 150 days to refund the difference between the 23% VAT and the 6%.
Today in the news: VAT on construction, airports, and E-Lar
Among the measures in the new legislative package for housing, the Government proposes a tax benefit to reduce the VAT on construction or rehabilitation of homes from the current 23% to 6% if the projects are sold or rented at 'moderate prices' within two years of the issuance of the usage license. The use ...
