This chapter provides information necessary to understand the concepts behind different UAE VAT rates, with maximum details. Along with general scenarios, this chapter tries to address some sectors which of the very complex in the UAE VAT rate perspective.
There will be two VAT rates applicable within the UAE:
● the standard rate of VAT – 5%; and
● the zero rate of VAT – 0%.
In addition, a certain category of supplies will be “exempt” from VAT. Although VAT is not accounted for in respect of both zero-rated and exempt supplies, there is an important distinction between the two.
Vat on educational institution (UAE Federal Law)MUHSIN TV - ACA
I am trying to present the applicability of VAT on Educational Institutions in UAE as simple as possible.
Facts and figures mentioned in the presentation are as per the Federal Law and related publications.
In conducting their business activities, a taxable person will incur expenses which are subject to VAT. This VAT can be recovered by a taxable person, subject to certain conditions being met. This ensures that VAT will not normally be a cost to such a taxable person. Where the taxable person is not able to recover the VAT incurred in respect of goods or services, the person is, in effect, treated as the end-consumer for those goods or services. The purpose of this chapter is to set out the circumstances in which taxable persons are entitled to recover input tax and the process they must follow to do so.
On education sector in GST regime - Dr Sanjiv AgarwalD Murali ☆
On education sector in GST regime - Dr Sanjiv Agarwal - Article published in Business Advisor, dated December 25, 2016 - http://www.magzter.com/IN/Shrinikethan/Business-Advisor/Business/
This chapter provides information necessary to understand the concepts behind different UAE VAT rates, with maximum details. Along with general scenarios, this chapter tries to address some sectors which of the very complex in the UAE VAT rate perspective.
There will be two VAT rates applicable within the UAE:
● the standard rate of VAT – 5%; and
● the zero rate of VAT – 0%.
In addition, a certain category of supplies will be “exempt” from VAT. Although VAT is not accounted for in respect of both zero-rated and exempt supplies, there is an important distinction between the two.
Vat on educational institution (UAE Federal Law)MUHSIN TV - ACA
I am trying to present the applicability of VAT on Educational Institutions in UAE as simple as possible.
Facts and figures mentioned in the presentation are as per the Federal Law and related publications.
In conducting their business activities, a taxable person will incur expenses which are subject to VAT. This VAT can be recovered by a taxable person, subject to certain conditions being met. This ensures that VAT will not normally be a cost to such a taxable person. Where the taxable person is not able to recover the VAT incurred in respect of goods or services, the person is, in effect, treated as the end-consumer for those goods or services. The purpose of this chapter is to set out the circumstances in which taxable persons are entitled to recover input tax and the process they must follow to do so.
On education sector in GST regime - Dr Sanjiv AgarwalD Murali ☆
On education sector in GST regime - Dr Sanjiv Agarwal - Article published in Business Advisor, dated December 25, 2016 - http://www.magzter.com/IN/Shrinikethan/Business-Advisor/Business/
Value Added Tax (VAT) is an indirect tax. It is a type of general consumption tax that is collected incrementally, based on the value added, at each stage of production or distribution/sales. It is usually implemented as a destination-based tax. It is also known as goods and services tax (GST) in some countries
Government has tentatively decided to introduce VAT in UAE by 01 January, 2018. The proposed rate of VAT in UAE will be up to 5%.
One of the fundamental features of GST is the seamless flow of input credit across the chain and across the country for supply of Goods or Services. Know more about ITC under GST at https://cleartax.in/s/gst-input-tax-credit/
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This guidance issued by Kevane Grant Thornton LLP specifically relates to educational services and non-profit organizations.
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Value Added Tax (VAT) is an indirect tax. It is a type of general consumption tax that is collected incrementally, based on the value added, at each stage of production or distribution/sales. It is usually implemented as a destination-based tax. It is also known as goods and services tax (GST) in some countries
Government has tentatively decided to introduce VAT in UAE by 01 January, 2018. The proposed rate of VAT in UAE will be up to 5%.
One of the fundamental features of GST is the seamless flow of input credit across the chain and across the country for supply of Goods or Services. Know more about ITC under GST at https://cleartax.in/s/gst-input-tax-credit/
Puerto Rico: Value Added Tax - Impact to Educational services & Non-profit or...Alex Baulf
Act 72 which amends the Internal Revenue Code for a New Puerto Rico introduces a value added tax system in Puerto Rico that will replace the Sales and Use tax system (“SUT”) effective April 1, 2016, for state tax purposes. The SUT will continue to be in place for municipal tax purposes after
March3 1, 2016.
This guidance issued by Kevane Grant Thornton LLP specifically relates to educational services and non-profit organizations.
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CA NOTES ON INDIRECT TAX LAWS
FREE AFFIDAVITS AND NOTICES FORMATS
FREE AGREEMENTS AND CONTRACTS FORMATS
FREE LLB LAW NOTES
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FREE LLB LAW FIRST SEM NOTES
FREE LLB LAW SECOND SEM NOTES
FREE LLB LAW THIRD SEM NOTES
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FREE LLB LAW FIFTH SEM NOTES
FREE LLB LAW SIXTH SEM NOTES
FREE CA ICWA FOUNDATION NOTES
FREE CA ICWA INTERMEDIATE NOTES
FREE CA ICWA FINAL NOTES
KANOON KE RAKHWALE INDIA
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LAW FIRMS IN DELHI
CA FIRM DELHI
VISIT : https://www.kanoonkerakhwale.com/
VISIT : https://hirelawyeronline.com/
What is equalization levy? When is it charged? What rate is it levied at? Who is liable to pay such tax? Know all about this new model of collecting tax through our latest article.
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VAT on UAE Education Sector.pdf
1. VAT on UAE Education Sector
It has been 2 years since UAE introduced VAT and the implementation has been
successful so far. But people are still sceptical about the whole process and its
application across various sectors. The FTA has issued a bulletin to provide
information on tax treatment for the education sector in UAE, which discusses the
below points;
Standard-rated, zero-rated and exempted supplies
VAT is not chargeable on all the supplies in the education sector. Certain supplies are
exempted from VAT and for certain others standard rate is applicable.
Standard-rated supplies
Supplies made to persons who are not enrolled in the educational institution;
Uniforms, electronic devices, food and beverages;
Field trips which are unrelated to the curriculum;
Extracurricular activities provided for an additional charge;
Supply of membership in a student organization;
Goods/services provided by a business that is not an educational institution
Zero-rated supplies
Cases wherein both the curriculum and the educational institution are recognized by
the competent federal or local government, the service/ supply won’t be charged any
VAT and will be treated as zero-rated, which are;
Supply of goods or services where the supply is directly related to the zero-rated
educational service;
Supply of printed or digital reading material which are related to the recognized
curriculum.
Exempted supplies
2. VAT won’t be applicable for services that involve transporting students from home to
the location of the educational institution and vice versa.
Educational institutions that make zero-rated and standard-rated supplies should
register for VAT, if the value of their supplies exceeded the mandatory registration
threshold of AED 375,000, in the past one year. The institutions must also register for
VAT, if the value is expected to exceed the threshold limit in the next 30 days.
Voluntary registration can be done if the value of taxable supplies or taxable expenses
incurred exceeded the threshold limit of AED 187,500 in the last 12 months or is
anticipated to exceed in the next 30 days.
Where an educational institution only makes zero-rated supplies, an exception
from VAT registration may be applied for via the registration application.
Tax invoices
Tax invoices are mandatory for all standard-rated and zero-rated supplies. Cases
wherein the supply is made to an unregistered recipient or the consideration for the
supply made to a registered recipient is AED 10,000 or less, simplified tax invoices
may be issued. If the supply qualifies to be wholly zero-rated and there are enough
records to establish particulars of the supply, then tax invoice may not be issued.
Input tax
Educational institutions that make zero-rated or standard-rated supplies, can recover
the full input tax. But certain entertainment services and purchased, leased or rented
motor vehicles that are available for personal use, are considered as blocked and full
recovery of input VAT is not possible on these.
If the educational institution renders exempt transportation services, only
proportionate input VAT is recoverable.
3. FAQ
1. Will VAT be applicable on extra-curricular activities offered by a school, provided
the activities are wholly related to the curriculum?
If the extra-curricular activities are offered without any additional fee, then the
supply of extra-curricular activities will be zero- rated. VAT will be applicable if
additional fee is charged.
2. Are supplies from vending machines subject to VAT?
Yes, The date of supply is the date on which the funds are collected from the
vending machines.
3. If a school offers a pick-up and drop-off facility for students, will the service be
charged VAT?
No, it will be exempt from VAT.
4. Are supplies of food and beverages in the canteen subject to VAT? What is the
treatment for vouchers?
Yes, the supply of food and beverages in the school canteen is subject to VAT.
The supply of monetary vouchers for consideration up to the face value (or
less) is disregarded for VAT purposes and the VAT liability crystallizes only upon
redemption of the voucher.
5. Is the supply of school uniforms subject to VAT?
Yes, even if they are supplied as part of educational services.
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4. VAT on UAE Education Sector
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