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VAT Calculator Online UK / UAE

What is a Value-Added Tax - VAT
A value-added tax (VAT) is a type of consumption tax that is placed on a product whenever value is added at a stage of production and at the point of retail sale. The amount of VAT that the user pays is on the cost of the product, less any of the costs of materials used in the product that have already been taxed.

More than 160 countries around the world use value-added taxation; it is most common in the European Union. But it is not without controversy. Advocates say it raises government revenues without punishing success or wealth, as income taxes do; it is also simpler and more standardized than a traditional sales tax, and there are fewer compliance issues. Critics charge that a VAT is essentially a regressive tax that places an increased economic strain on lower-income taxpayers, and also adds bureaucratic burdens for businesses.


If the name on the VAT certificate is being spelt wrong or the entire name is wrong, how can it be fixed?

Till now, there is no editing options on the VAT certificate. One can contact the concerned authorities for help though.

Posted 21 October, 2018

What measures will the government take to ensure that businesses don’t use the VAT implementation in UAE as an excuse to increase prices?

VAT is intended to help improve the economic base of the country. Therefore, we will include rules that require businesses to be clear about how much VAT you are paying for each transaction. You will have the required information to decide whether to buy something or not.

Posted 21 October, 2018

Need advice on UK Mortgage from HSBC Bank Dubai

27 male single from UK living here in Dubai. So question is I want to buy a house in the UK BUT do I get a mortgage in the UK or a mortgage to cover the house here? My company is 50% owned by HSBC so they are offering good rates (so they tell me)</p> <p>Is this a bad idea? Do I get anything extra or better from getting a mortgage here like tax exemptions? </p> <p>I must also point out that i&#39;m not a first time buyer (names on parents mortgage even though I don&#39;t pay to it) </p> <p>Thanks all for the advice and help

Posted 12 February, 2018

How might one may have the capacity to archive VAT return in UAE and when to record it?

Record VAT returns considering the particulars in the VAT Law before 28 days from the complete of obligation period which will be on quarterly introduce. Nationals are in like manner having the benefit of recording their Returns online using E-organizations.

Posted 21 October, 2018

When is a fee not a tax?

Currently living in a hotel until I decide what I want to do regarding accommodation. The fee's and taxes now are out of control to the point where the price can be 25-30% higher than what is advertised.

An example today:

  • VAT AED 351.45
  • Property service charge AED 639
  • Destination fee AED 15.00 × 28 nights AED 420
  • Municipality fee AED 255.60
  • Tourism fee AED 383.40

That is FIVE levels of tax on a hotel booking room. No wonder they need events here to rely on rooms being full.

Posted 18 April, 2018

How many potential tax codes need to be set up in total for the six GCC countries included the Emirates within the UAE?

If one is using SAP you will need a lot of rates for all 6 countries and the same is true for Oracle, the difference is that with oracle there are not the same restrictions for the tax code length. We use a standard naming convention globally.

Posted 21 October, 2018

Moving to Dubai, salary, tax implications and survival

Hi, I need some help figuring out if I can survive in Dubai on a salary while not taking a major hit to my standard of living. I was offered a position in Dubai for a yearly salary of 100,100 AEDs. I am Canadian. I speak five languages. The position in question is a retail position and I will be working more hours then I am here in the same position. Of course there is no income tax in Dubai but I am told I still have to pay taxes in Canada as a citizen whilst living outside the country. Now here&#39;s my dilemma, they are basically offering me the same salary (if converted to USD) that I am making here (+200 USD more per year) but the cost of living in Dubai, I hear, is much higher. I don&#39;t want to live with a roommate and certainly don&#39;t want a crummy apartment with no room 50km away from my job. It&#39;s not that I am above that, but I am currently in a situation where I can basically walk to work in 10 minutes and I am very comfortable.</p> <p>They are paying for my flight, they are also paying for my stay there for 2 months while I find an apartment. They said they would help facilitate the process and will assign someone to help me around the city during that time. They said the 100100 dirhams is a package which basically includes my base salary plus housing, transportation and a flight back home per year...but whats weird is total salary (including housing, transportation and flight back home) equates exactly what I make here, meaning they didn&#39;t put it OVER my salary...if that makes sense? What do you guys think? Am I getting the short end of the stick? I&#39;m basically making 8432 dirhams per month. Is it possible to live under these circumstances? While I be living paycheque by paycheque? I am moving alone and know no one there. </p> <p>Just as a side-note, I&#39;m 20 years old and I mainly am interested by the experience and less by the money, but I am thinking of living in Dubai long-term and don&#39;t want to ruin my life. I am currently studying here in Business school and most likely will have to put that on hold. I&#39;m not asking for people to take the decision for me, I just need a realistic representation of what I&#39;m getting into. Thank you for all answers!

Posted 12 February, 2018

Will having private houses in the UAE be influenced by VAT?

No, but only if they don’t have any part in any business activities while residing in the UAE. For those who do, they are responsible to check if they need to register for VAT or not.

Posted 21 October, 2018

How routinely do UAE associations need to submit VAT returns?

UAE associations need to record VAT return on multi month to month/quarterly start. Most associations will record quarterly appraisal shapes (once at general interims) while some specific associations (with turnover above Dh150 million) should report VAT reestablish every month.

Posted 21 October, 2018

Will going to amusement parks in UAE cost more with VAT?

Yes, because amusements parks are providing a service to the people who visit there so VAT is charged accordingly.

Posted 21 October, 2018