Article 43 - Exemption of Residential Buildings

The supply of residential buildings shall be exempted, except for zero-rated supplies, if the term of the lease contract is more than (6) six months or the lessee of the property holds an ID card issued by the Federal Authority for Identity and Citizenship.

The term of the lease contract referred to in Clause (1) of this Article shall be determined with reference to the contractual period and shall not take into account any period arising from a right or option to extend the term of the lease contract or renew the contract.

For the purposes of Clause (1) of this Article, any right of any party to terminate the lease contract early shall be disregarded.