Friday , November 27 2020

The Abu Dhabi Circulars on Project Governance and Documentation of Real Estate and "Additive" Units



ABU DHABI – President of the Abu Dhabi Executive Committee, Jassim Bouataba Zaabi, issued 7 circulars for government agencies in the Emirate of Abu Dhabi.

Circulars aim to stimulate domestic investment and promote foreign direct investment, related to the supervision and supervision of food establishments, documentation of real estate units owned by government entities and companies, value added tax on government contracts, and the outsourcing of services.

Circulars issued on governance of the capital project: In order to develop the governance of capital projects in the emirate and to ensure its implementation, it is necessary to adhere to various controls, including the measurement of capital projects from the stage of the idea to the final delivery .

The Abu Dhabi Investment Office (ADIA) issued a circular to the Abu Dhabi Investment Authority (ADIA) stating that: "To strengthen Abu Dhabi's position as a global economic center, encourage local investment and promote foreign direct investment, please coordinate with the Abu Dhabi Investment Office in the Department of Economic Development.

The President of the Executive Committee circulated a circular to all government authorities in Abu Dhabi on VAT on government contracts, where all government contracts include clear text indicating that the value of the contract or prices mentioned therein include value added tax, Tax on value added, total contract value (contract value plus VAT).

He also issued Circular No. 3 of 2018 on the supervision and supervision of food establishments addressed to all government entities and companies of the Emirate of Abu Dhabi, where he emphasized to food establishments the need to enforce food safety regulations, controls and procedures in accordance with the edited legislation.

In addition, a circular was issued on the documentation of owned real estate owned by government entities and enterprises, which states that real estate units owned by government entities and companies of the Emirate of Abu Dhabi must be registered in the lease documentation system.

The President of the Executive Committee circulated a circular to all government authorities in Abu Dhabi on VAT on government contracts, where all government contracts include clear text indicating that the value of the contract or prices mentioned therein include value added tax, Tax on value added, total contract value (contract value plus VAT).


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