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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.


Will VAT be required for tourists?

Yes, as the tourism industry is an essential piece of the UAE's national economy. Right now, the Dubai and also UAE is completing a possibility investigation of a Tourist Refund Scheme where guests and vacationers will have the capacity to guarantee a discount on VAT paid on specific products and ventures acquired in the UAE.

Posted 21 October, 2018

Is there a property tax in Dubai for owning a home?

Does the UAE (Dubai) have any regulations on property tax? If I buy a home will I be charged a property tax as an expat?

Posted 12 February, 2018

Showerthought: They should tax investment properties that remain vacant with no tenants.

problems I've seen is people buying property off plan for too much money, then when the project is finished investors overprice the rent, even if it is over market value, and would prefer an empty property over lowering the price.

I myself gave reasonable offers on property last January (2017) that are unbelievably still empty. They missed a whole year's rent because they wouldn't negotiate a reasonable price.

This artificially inflates the rental market and is causing big problems with regards to housing affordability for the working class.

Why not just tax investment properties after a certain period of having no lease agreement? This will put an economic incentive on investors to make housing more affordable. Either pay tax, or lower your rental expectations to come in line with supply and demand.

I still find it crazy that middle-class workers with good jobs (let's say 10k/ month) cannot reasonably afford their own decent housing in this city.

Posted 18 April, 2018

Will buying or offering used washing machines go under the area of VAT?

Yes, all equipment whether used or new will be charged with a VAT.

Posted 21 October, 2018

Would inhabitant social insurance and drug store costs dependent on co-installment be higher with VAT?

No, as long as they are essential human services administrations. This likewise relies upon the wellbeing specialist co-op.

Posted 21 October, 2018

When will VAT or TAX punishments be forced in UAE?

Punishments on VAT and tax assessment will be forced on rebelliousness. Precedents of activities and oversights that may offer raise to tax punishments include:

Posted 21 October, 2018

What are the VAT-related responsibilities of businesses in UAE?

All businesses in the UAE will need to record their financial transactions and ensure that their financial records are accurate and up to date. Businesses that meet the minimum annual turnover requirement (as evidenced by their financial records) will be required to register for VAT. Businesses that do not think that they should be VAT registered should maintain their financial records in any event, in case we need to establish whether they should be registered. If you’re a VAT-registered business you must report the amount of VAT you’ve charged and the amount of VAT you’ve paid to the government on a regular basis. It will be a formal submission and it is likely that the reporting will be made online. If you’ve charged more VAT than you’ve paid, you have to pay the difference to the government. If you’ve paid more VAT than you’ve charged, you can reclaim the difference.

Posted 21 October, 2018

Will VAT influence school costs like transport affirmation, attires and perusing material in UAE?

Indeed, VAT is appropriate on outfits, course readings and stationery. Regardless, transport confirmation is an avoided class.

Posted 21 October, 2018

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

VAT on my Loan that i took 3yrs ago?

Hi can anyone advise me what to do? I was surprised to received my statement today from dunia. I had a loan with them since march 2015, for 36 months, my last payment was supposed to be this February, when i received my statement last dec my outstanding balance was 1770. Now when i received it its 1843.

I was shocked! How come my loan that i took from them was 3 years ago! And VAT was implemented this year! Its ridiculous! I was expecting to finish my loan next month and pay 843 only! What funny was their agent called me several times last december to convince me to top up my loan! And nobody bother to inform me to settle my loan because they will add a VAT!

Posted 8 February, 2018