Musharaka REIT to apply 5% VAT starting Jan. 1

01/01/2018 Argaam

Musharaka Capital’s real estate investment traded fund, Musharaka REIT, will apply 5 percent  value-added tax (VAT) on the fund's fees and services, as of Jan. 1, 2018.

 

The VAT implementation will come in line with the related regulations, according to a bourse statement.

 

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