Deemed Supply
UAE national owns a commercial building in dubai. The commercial building is used by the company in which such UAE national holds 51% Shares and no lease rent is charged from the company. It will be considered as deemed supply or out of scope as per UAE VAT law
30/08/2020 16:25:49
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SAJITH N30/08/2020 22:09:23
It would be out of scope if the transfer qualifies as TOGC. The question relating to deemed supply would be tricky. Would recommend to submit technical clarification to FTA. One cannot claim that since owner holds majority or full shares in a company his/her personal asset can be used by the company free of cost though that maybe what some are following.
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