Generally, supplies of goods and services that take place within UAE for VAT purposes are subject to VAT with five percent as the standard rate or zero percent if considered zero-rated, unless they fall within the UAE scope of VAT section.
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.
Dubai is one of the pre-eminent global commercial and investment hubs in the whole world. Its strategic location, spectacular infrastructure, rapidly expanding economy, and diverse business economy attract foreign investors and entrepreneurs to invest in a business setup in Dubai. And being the rising economy in the Middle East, the transportation business in Dubai is continually expanding, making it one of the most important economic contributors. Thus, it would be undeniably profitable to start a transport business in Dubai and continue growing in the lucrative market of UAE. Contact Shuraa associates for assistance regarding starting a transport business in Dubai.
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.
Dubai is one of the pre-eminent global commercial and investment hubs in the whole world. Its strategic location, spectacular infrastructure, rapidly expanding economy, and diverse business economy attract foreign investors and entrepreneurs to invest in a business setup in Dubai. And being the rising economy in the Middle East, the transportation business in Dubai is continually expanding, making it one of the most important economic contributors. Thus, it would be undeniably profitable to start a transport business in Dubai and continue growing in the lucrative market of UAE. Contact Shuraa associates for assistance regarding starting a transport business in Dubai.
What is zero-rated & exempted VAT? UAE ministry of finance published the list of economic activities categorized under zero-rated VAT & exempted VAT in UAE.
Dubai is one of the busiest cities in the United Arab Emirates (UAE) and business and economic center. Many investors choose to open a business in Dubai because of the best economic conditions and the fact that the city encourages foreign direct investments. IBSS company formation, it is advisable to seek the help of a specialized professional. IBSS should be carefully considered, especially when investing in important business sectors like imports and exports. Certain businesses will require special permits and licenses as well as approvals from the government ministries. Our IBSS firm in Dubai works with qualified professionals and we can help you set up your new business.
Global Business Takes International SavvySAP Concur
Global deployment is complex, to put it mildly. To learn more, "Global Business Takes International Savvy" delves deeper into taxes, VAT, reimbursements and what you should consider when going global. Whether you’re thinking of taking your company overseas or looking for ways to improve the visibility on where your business’s money gets spent, we can help. Here’s how: http://bit.ly/1hMPxkg
This policy is intended as a guide to reimbursing individuals for business-related travel and expenditures. Dickinson College (the “College”) will reimburse faculty and staff for expenses incurred in the performance of their job duties or other assigned responsibilities relating to appropriate College-related operations.
The responsibility to observe these guidelines rests with the employee, supervisor/Budget Officer and the senior officer who certifies conformance to these guidelines (or reasonable exceptions to guidelines) by approving the expenditure(s). Accordingly, reimbursement should be sought and authorized for only reasonable and customary expenses, which conform to College policy. The burden of determining whether a particular expense is reimbursable rests with each individual prior to incurring the expense.
The Motor Vehicles Act, 1988 shows various clauses and aspects about the vehicle permit.
Under Section 66 (Necessity for permits) the law states that “no owner of a motor vehicle shall use or permit the use of the vehicle as a transport vehicle in any public place whether or not such vehicle is actually carrying any passengers or goods save in accordance with the conditions of a permit granted or countersigned by a Regional or State Transport Authority or any prescribed authority authorizing him the use of the vehicle in that place in the manner in which the vehicle is being used.”
E-way bill is mandatory for transportation of goods in relation to all types of transactions such as outward supply whether within the State or interstate, inward supply whether from within the State or from interstate including from unregistered persons or for reasons other than supply also. However, from 1st April 2018, e-way bill is required only for interstate movement. For intra-State movement of goods, the requirement for eway bill will be introduced in a phased manner, for which rules will be notified by respective states separately.
This document has been intended to throw light on basics of e-way bill, how and when it is generated, application of e-way bill in special scenarios like bill to-ship to, etc.
E way bill: Applicable for inter-State movement w.e.f. Apr 1, 2018Himanshu Goel
This slide deck explains when and how e-way bill under GST law to be generated, application of e-way bill in special scenarios like bill to-ship to and important FAQs.
Road transport convention and bbin mvaM S Siddiqui
The best available system is the UN TIR Convention overseen by the International Road Transport Union (IRU). Without such a mechanism, the MVA could not be operational. BBIN need a collective decision to accede to the TIR Convention can play an important role in the harmonization of trade and transport standards that facilitate cross border trade flows. TIR may be a convention to remove non-tariff barriers with the sincere efforts of the member countries.
Value Added Tax’s (VAT) fundamental nature is that it’s not taxation imposed on businesses. Instead, it’s a type of tax that’s collected by business entities operating in the UAE that is rather imposed on end consumers by the local tax authorities.
Under UAE VAT legislation, detailed tax invoices are to be issued by VAT-registrants for assessable goods or services supplied to other VAT-registered businesses. This is provided that the provisions surpass Dhs10,000. A detailed VAT invoice is often for merchants and wholesalers managing higher amounts of taxable supplies.
A VAT invoice in the UAE must contain this information in English/Arabic:
A unique invoice number (sequential, for identification purposes)
The date on which a tax invoice was issued, plus the date of supply (if they’re different)
Legal name, tax registration number, and address of the taxable person
Legal name, tax identification number, and address of the customer
Description, quantity, and type of sold goods or description of provided services
To unite price for goods/services goods, excluding the VAT charge
Rebates or discounts provided (not added in good/service’s unit price)
Total VAT amount payable (must be in AED)
Method for calculating the profit margin
Method for calculating VAT (standard, exemption, or zero rates)
The label “Tax Invoice” presented visibly on the tax document
What is zero-rated & exempted VAT? UAE ministry of finance published the list of economic activities categorized under zero-rated VAT & exempted VAT in UAE.
Dubai is one of the busiest cities in the United Arab Emirates (UAE) and business and economic center. Many investors choose to open a business in Dubai because of the best economic conditions and the fact that the city encourages foreign direct investments. IBSS company formation, it is advisable to seek the help of a specialized professional. IBSS should be carefully considered, especially when investing in important business sectors like imports and exports. Certain businesses will require special permits and licenses as well as approvals from the government ministries. Our IBSS firm in Dubai works with qualified professionals and we can help you set up your new business.
Global Business Takes International SavvySAP Concur
Global deployment is complex, to put it mildly. To learn more, "Global Business Takes International Savvy" delves deeper into taxes, VAT, reimbursements and what you should consider when going global. Whether you’re thinking of taking your company overseas or looking for ways to improve the visibility on where your business’s money gets spent, we can help. Here’s how: http://bit.ly/1hMPxkg
This policy is intended as a guide to reimbursing individuals for business-related travel and expenditures. Dickinson College (the “College”) will reimburse faculty and staff for expenses incurred in the performance of their job duties or other assigned responsibilities relating to appropriate College-related operations.
The responsibility to observe these guidelines rests with the employee, supervisor/Budget Officer and the senior officer who certifies conformance to these guidelines (or reasonable exceptions to guidelines) by approving the expenditure(s). Accordingly, reimbursement should be sought and authorized for only reasonable and customary expenses, which conform to College policy. The burden of determining whether a particular expense is reimbursable rests with each individual prior to incurring the expense.
The Motor Vehicles Act, 1988 shows various clauses and aspects about the vehicle permit.
Under Section 66 (Necessity for permits) the law states that “no owner of a motor vehicle shall use or permit the use of the vehicle as a transport vehicle in any public place whether or not such vehicle is actually carrying any passengers or goods save in accordance with the conditions of a permit granted or countersigned by a Regional or State Transport Authority or any prescribed authority authorizing him the use of the vehicle in that place in the manner in which the vehicle is being used.”
E-way bill is mandatory for transportation of goods in relation to all types of transactions such as outward supply whether within the State or interstate, inward supply whether from within the State or from interstate including from unregistered persons or for reasons other than supply also. However, from 1st April 2018, e-way bill is required only for interstate movement. For intra-State movement of goods, the requirement for eway bill will be introduced in a phased manner, for which rules will be notified by respective states separately.
This document has been intended to throw light on basics of e-way bill, how and when it is generated, application of e-way bill in special scenarios like bill to-ship to, etc.
E way bill: Applicable for inter-State movement w.e.f. Apr 1, 2018Himanshu Goel
This slide deck explains when and how e-way bill under GST law to be generated, application of e-way bill in special scenarios like bill to-ship to and important FAQs.
Road transport convention and bbin mvaM S Siddiqui
The best available system is the UN TIR Convention overseen by the International Road Transport Union (IRU). Without such a mechanism, the MVA could not be operational. BBIN need a collective decision to accede to the TIR Convention can play an important role in the harmonization of trade and transport standards that facilitate cross border trade flows. TIR may be a convention to remove non-tariff barriers with the sincere efforts of the member countries.
Similar to VAT treatment for UAE Transportation (20)
Value Added Tax’s (VAT) fundamental nature is that it’s not taxation imposed on businesses. Instead, it’s a type of tax that’s collected by business entities operating in the UAE that is rather imposed on end consumers by the local tax authorities.
Under UAE VAT legislation, detailed tax invoices are to be issued by VAT-registrants for assessable goods or services supplied to other VAT-registered businesses. This is provided that the provisions surpass Dhs10,000. A detailed VAT invoice is often for merchants and wholesalers managing higher amounts of taxable supplies.
A VAT invoice in the UAE must contain this information in English/Arabic:
A unique invoice number (sequential, for identification purposes)
The date on which a tax invoice was issued, plus the date of supply (if they’re different)
Legal name, tax registration number, and address of the taxable person
Legal name, tax identification number, and address of the customer
Description, quantity, and type of sold goods or description of provided services
To unite price for goods/services goods, excluding the VAT charge
Rebates or discounts provided (not added in good/service’s unit price)
Total VAT amount payable (must be in AED)
Method for calculating the profit margin
Method for calculating VAT (standard, exemption, or zero rates)
The label “Tax Invoice” presented visibly on the tax document
Is your business in UAE registered for VAT? Make sure you’re fully aware of the different VAT rates which are applicable to the transactions of your business, particularly for sales of services.
Regulations for Value Added Tax in UAE differ depending on what you are selling, who you are selling to, and where your business is located.
Value Added Tax’s (VAT) fundamental nature is that it’s not taxation imposed on businesses. Instead, it’s a type of tax that’s collected by business entities operating in the UAE that is rather imposed on end consumers by the local tax authorities.
The UAE government constantly implements frameworks and mechanisms across several different government departments as part of their key initiatives in boosting economic health. Among them is VAT implementation in UAE, which was declared by the Federal Tax Authority. For the public, Value Added Tax implementation meant higher prices for food, entertainment, and other consumer goods and services. For businesses in the country, it meant levying the current VAT rate of five percent on goods and/or services that are taxable.
The UAE government also introduced a decreased VAT rate and exemptions for specific goods and services. As not all products and services are taxable, it is best to consult with regulated tax agents in Dubai regarding VAT implementation in UAE.
Most commonly asked questions relating to copyrightAhmedTalaat127
The word “copyright” (or “author’s right”) refers to the legal rights that artists hold over their literary and creative works. Books, music, art, sculpture, and films are among the works covered by Copyright, as are computer programmers, databases, advertising, maps, and technical drawings.
A civil marriage contract for a non muslim coupleAhmedTalaat127
The Abu Dhabi Non-Muslim Personal Status Court has issued the first civil marriage contract to spouses of Canadian citizenship, according to the provisions of Law No. 14 of 2021 on non-Muslim Personal Status in the Emirate of Abu Dhabi. It aims to establish the Emirate as a leader in regulating family matters for non-Muslims following international best practices. A non-Muslim Personal Status Court in Abu Dhabi granted a Canadian couple the first civil marriage contract.
The newlyweds appreciated everyone who helped make the civil marriage contract service go well, as well as those who worked hard to ensure that the application process was quick and straightforward.
Oman has become the 4th GCC or Gulf Cooperation Council member state that introduced VAT or Value Added Tax regulations. The date of VAT implementation in Oman is the 16th of April, 2021. This is a significant move in relation to VAT in the GCC member states since Saudi Arabia significantly increased the rate for VAT in the country to fifteen percent from five percent back in May 2020.
The move of Saudi Arabia, as reported by the BBC, shores up state finances at the start of the COVID-19 pandemic. Saudi Arabia’s move was also to diversify the economy in order to reduce the country’s reliance on income from oil and gas.
العقار هو ذلك الشيء المستقر بحيزه ثابتاً فيه، بحيث لا يمكن نقله أو تحريكه دون تلف أو تغيير في هيئته. أما الوسيط العقاري (الدلّال) يعرف بأنه الشخص الذي يقوم بممارسة أعمال الوساطة العقارية في دبي، كما تعرف الوساطة العقارية بأنها العقد الذي يتعهد بمقتضاه الوسيط العقاري لشخص ما، بالبحث عن طرف ثانٍ وذلك بغرض إبرام عقد معين، وبالوساطة في المفاوضات من أجل التعاقد، مقابل أجر معين يتقاضاه ذلك الوسيط.
وقد أنشأت اللائحة رقم (85) لسنة 2006 بشأن تنظيم سجل الوسطاء العقاريين في إمارة دبي، سجلاً خاصاً لقيد الوسطاء العقاريين يرخص لهم من خلاله مزاولة نشاط الوساطة في داخل الإمارة، وتسجل فيه كل البيانات الخاصة بالوسيط، وما يطرأ عليها من تعديلات أو تحديثات لاحقة في تلك البيانات.
كما ألزمت اللائحة كل من أراد أن يمتهن نشاط الوساطة العقارية بحتمية الترخيص والتقييد في سجل قيد الوسطاء، ولا يجوز ممارسة أي نشاط للوساطة دون هذا الإجراء بالإضافة إلى الالتزام بأخـلاقيات المهنة وفــق ميثاق الشــرف الذي تعـده اللجنــة.
Can an employer take disciplinary actions against employeesAhmedTalaat127
According to UAE legislation, being indiscipline at work or violating the conditions of your employment contract might result in your employer taking extreme action. Federal Decree-Law No. 33 of 2021 on the Regulation of Labour Relations, which will take effect on February 2, 2022, will lay out precisely how businesses should deal with employee misconduct in an organized and equitable way.
Articles 39, 40, and 41 of the new legislation examine different facets of what a firm may do to an employee. While Article 39 discusses the systematic approach in which businesses might take actions ranging from mild to severe, Article 40 lays out the requirements for temporary employment suspension. Article 41 examines what the law says when an employee is accused of misconduct outside of the job.
New rules on retrospective tax penalty waivers, installments, tax litigation,...AhmedTalaat127
For the first time since the UAE tax laws came into effect in October 2017, the legislation now:
Grants permission to pay tax penalties in installments.
Specifies reasons that permit penalty waivers. *
Prohibits installments or waivers if litigation is ongoing.
Allows for a class action against tax penalties.
Permits waiver of penalties paid during the past five years.
Before, the legislation only stated that “accepted justifications” may substantiate penalty waivers, but it was unclear what would entail an accepted justification.
Importantly, taxpayers must now choose between either disputing tax penalties through the tax dispute resolution committees and the Federal Courts — or filing installment or waiver applications. The new changes make it unworkable for both to occur at the same time. And because of the time limitations, a dispute may be time-barred if the taxpayer opts to file an installment or waiver application instead of contending the penalties before the tax dispute resolution committees and the Federal Courts.
This is a substantive consideration for taxpayers as they must weigh the risks of sacrificing litigation against the risk of receiving a rejection on an installment or waiver application.
What are the new VAT administrative penaltiesAhmedTalaat127
The Federal Tax Authority (FTA) shared a public clarification on 28th April 2021 about the amendments for provisions under the Cabinet Decision No 40 of 2017 for administrative penalties. VAT penalties include administrative penalties, which mean the monetary fines imposed on a person or an entity by the FTA for breaching the provisions in the Tax Law of UAE. Penalties can easily be avoided by taking the necessary precautions for non-compliance while filing the VAT report. Businesses have more time to review their data and submit an accurate VAT filing and can benefit from up to 70% waiver for their unpaid penalties if they meet the criteria.
There may arise so many times for the people to attest to their certificates. When it is needed, it is needed no matter what you do.
When someone has to go to some foreign country, the need for the attestation is even more.
New rules on retrospective tax penalty waiversAhmedTalaat127
For the first time since the UAE tax laws came into effect in October 2017, the legislation now:
Grants permission to pay tax penalties in installments.
Specifies reasons that permit penalty waivers. *
Prohibits installments or waivers if litigation is ongoing.
Allows for a class action against tax penalties.
Permits waiver of penalties paid during the past five years.
*Before, the legislation only stated that “accepted justifications” may substantiate penalty waivers, but it was unclear what would entail an accepted justification.
Importantly, taxpayers must now choose between either disputing tax penalties through the tax dispute resolution committees and the Federal Courts — or filing installment or waiver applications. The new changes make it unworkable for both to occur at the same time. And because of the time limitations, a dispute may be time-barred if the taxpayer opts to file an installment or waiver application instead of contending the penalties before the tax dispute resolution committees and the Federal Courts.
This is a substantive consideration for taxpayers as they must weigh the risks of sacrificing litigation against the risk of receiving a rejection on an installment or waiver application.
Bounced cheque no longer punishable by law in UAEAhmedTalaat127
Commercial Transactions Law revisions that decriminalize issuing cheques without adequate cash (bounced cheque) have been implemented by Dubai courts. Cheque beneficiaries or bearers do not have to initiate criminal or civil charges for non-payment of the cheque following Federal Law No. 14 of 2020, revised in October 2020. Alternatively, they may approach the court’s execution judge directly to get an order directing payment of the cheque’s total amount or any leftover balance.
Cheque bearers are entitled to receive partial payments from banks if they have enough money in their account to do so unless they object.
Accounting services overview of insurance contract under ifrsAhmedTalaat127
The majority of accounting services in Dubai and UAE ignore insurance accounting because they are not in the insurance business. Now that there will be a new accounting standard related to insurance contracts, chartered accountants should check to make sure they aren’t erroneously issuing them.
العقار هو كل ملك ثابت في مكانه له أصل بحيث يصعب نقله دون إتلافه، وبالتالي فإن العقار يشمل الأرض وكل ما اتصل بها اتصال قرار مثل البنايات، الأشجار، فالعقار قد يكون ارضا سكنية، زراعية، فلل أو قصور او شقق … الخ
و عندما نتحدث عن التداولات العقارية في دبي فلا يخلو الامر من ثمة منازعات بين المشترين المستثمرين و بين المطورين العقاريين، و ذلك نظرا لضخامة و كثرة التعاملات العقارية في دبي .
وفي حال واجه الشخص أي من أشكال المنازعات العقارية، فإنه من الأفضل التواصل مع محامي عقاري في دبي – متخصص في قانون العقارات في دبي – لديه الخبرة الكافية التي تؤهله للعمل في مثل هذه القضايا، من أجل التعرف على ما تضمنته القوانين بشأن معالجة هذه المنازعات وكيفية الحصول على الحقوق وغيرها من الأمور التي لا غنى عنها في ذلك المجال
Under UAE VAT legislation, detailed tax invoices are to be issued by VAT-registrants for assessable goods or services supplied to other VAT-registered businesses. This is provided that the provisions surpass Dhs10,000. A detailed VAT invoice is often for merchants and wholesalers managing higher amounts of taxable supplies.
A VAT invoice in the UAE must contain this information in English/Arabic:
A unique invoice number (sequential, for identification purposes)
The date on which a tax invoice was issued, plus the date of supply (if they’re different)
Legal name, tax registration number, and address of the taxable person
Legal name, tax identification number, and address of the customer
Description, quantity, and type of sold goods or description of provided services
To unite price for goods/services goods, excluding the VAT charge
Rebates or discounts provided (not added in good/service’s unit price)
Total VAT amount payable (must be in AED)
Method for calculating the profit margin
Method for calculating VAT (standard, exemption, or zero rates)
The label “Tax Invoice” presented visibly on the tax document
تعد الخسائر من أعتي واشد الأسباب قوة التي معها تضطر الشركة إلي طلب حلها وتصفيتها، والتصفية نوعان رضائية أي باختيار أصحاب الشركة او حملة الأسهم او قضائية وهي هنا تكون جبرا حيث تحكم المحكمة في حل وتصفية الشركة و تعين مصف لتصفيتها، والمسألة وان كانت – مما تقدم ذكره – تبدو بسيطة فهي ليست كذلك خاصة في حال ما إذا كانت الشركة المراد تصفيتها و حلها كبيرة متعددة الأفرع و الأنشطة و عليها من الديون و الالتزامات الكثير كما و قيمة مما معه تكون التصفية تدريجية، و في مثل تلك الحالات قد تستغرق عملية التصفية سنوات
How is gratuity computed under the new UAEAhmedTalaat127
When the United Arab Emirates changed its labour law in November, they made them for the private sector. These changes will make it easier for employers and employees to work together in the private sector. In 2022, a law will affect many parts of work-life in the United Arab Emirates. By February 2022, the Employment Law will be repealed and entirely replaced by the new Federal Decree-Law No. 47 of 2021 on the Standard General Rules of Work in the United Arab Emirates (the New Employment Law).
Dr Abdul Rahman Al Awar, the Minister of Human Resources and Emiratization, stated that the new law gives employees many options for end-of-service benefits, like saving projects. He said that there would be another media briefing to talk about the other options available to employees.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
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Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
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VAT treatment for UAE Transportation
1. VAT Treatment for UAE
Transportation
HTTPS://VATREGISTRATIONUAE.COM/VAT-TREATMENT-UAE-
TRANSPORTATION/
2. Int.
Generally, supplies of goods and services that take place within UAE for VAT purposes are
subject to VAT with five percent as the standard rate or zero percent if considered zero-rated,
unless they fall within the UAE scope of VAT section.
3. What is the VAT treatment for local
transportation services in UAE?
The supplies of passenger transport services as well as goods, within UAE, either by air, land, or
water are considered rated. They are only exempt or applied with the standard rate of 5 percent
VAT if the suppliers are licensed or regulated by relevant bodies in UJAE.
For instance, a customer utilizes a third-party company for delivery or picking up food and
delivering it. A charge is made onto the customer for the food delivery and it will at zero rates
for the purpose of VAT.
4. What are the local transportation services
that don’t qualify for zero-rating?
The following services don’t qualify for zero-rating for the purpose of VAT in the UAE:
The provision of rental vehicles without a driver;
The provision of drivers without vehicles;
A transportation service that is provided for leisure or sightseeing. The service can include a bus tour, limousine, or any
similar that is provided with a professional driver in order to bring passengers on an agreed sightseeing trip, the
transportation by boat either unscheduled or scheduled onto an island that caters to guests and tourists primarily, and a
boat-restaurant;
Food-delivery services are provided by the same persons supplying food. This is due to the supply of goods, as well as
transport services both being considered as one composite supply wherein supply of a good is the transaction’s main
supply while transport service is ancillary to the main supply.
Transportation service that is ancillary to the main taxable supply at the standard rate for goods and services
Private transportation intended for the transport of a group of people while under contract. School buses, shuttle
buses, and buses are used in transporting workers or staff members from their place of residence to the workplace. For
shuttle buses, they are not qualified for zero-rating if they are used in transporting hotel guests from a hotel to any place
in UAE including malls, parks, airports, museums, and all other tourist places. In such a case, the standard rating will
apply.
5. What is the VAT treatment for public
transportation in UAE?
Public transportation refers to any motor vehicle which is used in transporting goods and at least ten people and
is made available to the general public without imposing restrictions for access to a certain group of people.
Supply of means of public transportation is zero-rated if it meets all of the conditions for being recognized as
public transportation, which is as follows:
The means of payment is through ticket issuance, card scanning, payment booth
Branding both within and outside UAE for the means of transportation indicates that vehicles are for public
transportation and without any exclusivity to a certain group of individuals
Branding explains the affiliation of means of transport that is provided by the government body of a specific
emirate
Means of transportation are qualified legally as being used as means of public transportation. This means they
have passed all of the necessary tests and checks set by local authorities of the concerned emirate prior to being
approved for utilization of UAE residents and tourists
Means of transport allows any third party in placing advertising materials within or outside the means of public
transportation themselves
6. What is the VAT treatment for UAE
international transport?
International transportation services for goods and passengers are taxable but are considered zero-rated. This is
applicable if the place of supplies for international transportation services were being supplied with the use of
qualified means of transport. For services with a place of supply that is outside UAE, it will be outside UAE VAT
scope. International transportation services are provided in a way that’s other than qualified means of
transportation that are taxable at a five percent standard rate.
Executive Regulations on UAE VAT issued by the local government had set a list of supplies that are either directly
or indirectly being associated with supplies of international transportation for goods and passengers. The supplies
include seat allocations, food and beverages, luggage check-in, priority boarding, seat upgrades, overweight or
additional luggage charges, and provision of entertainment and internet connection onboard in which a separate
VAT charge for a supply of transportation service has been made for any of the aforementioned supplies.
VAT that is paid on costs that are related to means of transport for providing international transportation services
can be recovered in full with the normal submissions of VAT reports or regular VAT return filing in UAE.
If you want further clarifications, speak with regulated tax agents in Dubai from VAT Registration UAE today!
7. Contact Us
WhatsApp (Messaging Only): +971 52 6922588
WhatsApp & Phone: +971 55 4828368
Landline: +971 4 2500251 (9AM - 7PM GMT+4 - Monday to Friday)
For Consultation: consultant@farahatco.com
For Sales Enquiries: sales@vatregistrationuae.com
