I am purchased new flat and it's agreement cost is 1400000 so please tell me how much vat i have to pay builder ?
my bank loan amount is 1100000
The amount of VAT that you have to pay the builder of the flat you are purchasing is estimated to be 1.3.5%. This is in accordance with VAT regulations on residential properties. Usually, VAT, Value Added Tax, is included in the price of the product or service one is receiving. Find out more from http://www.citizensinformation.ie/en/money_and_tax/tax/duties_and_vat/value_added_tax.html.