Silva announced his farewell on Monday in an emotional video message on Chelsea's website
football1 hour ago
Under the VAT regulation, higher education institutes which are more than 50 per cent funded by the government, will not be charged VAT but the rest will be.
Khalid Al Bustani, director general of Federal Tax Authority, on Wednesday said the tourists in the UAE will also get refunds on the returns. He said the authority is working with the parties involved in the project and expected to be rolled out ahead of VAT implementation.
UAE residents to pay VAT on food, water, power
Surandar Jesrani, partner and CEO, Morison MJS, said the education services shall be taxable at 0 per cent only if it is supplied by a recognised educational institution and offer recognised curriculum.
Recognition should be given by the education ministry or competent government entity.
"In case of higher education institutions, the institution should be either owned by the Federal or local Government or receives more than 50 per cent of its annual funding directly from the Federal or local Government," he said.
Jesrani said a supply of goods or services provide by educational institutions directly related to above shall be zero-rated.
"We expect tuition fees, study material for the curriculum, medical fees, registration fees, admission fees, exam fees would be 0 per cent," he said.
However following services shall be taxable at 5 per cent even though provided by recognized educational institutions:
1. Goods & services supplied to persons who are not enrolled with the institute.
2. Any goods other than educational material provided which are not related to the curriculum of the educational institute.
3. Supply of School Uniforms as required by the educational institute.
4. Providing electronic devices irrespective of whether or not supplied as a part of educational services.
5. Foods & Beverages supplied at the educational institutions
6. Excursions or field trips unless directly related to the curriculum of the educational services.
7. Extracurricular activities provided by or through the educational institutions.
8. Supply of membership in a student organization.
Silva announced his farewell on Monday in an emotional video message on Chelsea's website
football1 hour ago
Protest organizers deny accusations of anti-Semitism, arguing that their actions are aimed at the Israeli government
world2 hours ago
Images published on the weekend showed Bollywood superstar actor Shah Rukh Khan sweating profusely while watching his team train
cricket2 hours ago
Al Ghadeer has offered the highest ROI of 7.65 per cent for affordable houses
realty2 hours ago
Customer deposits and Islamic customer deposits increased by 2.5% to reach Dh39.5 billion
business2 hours ago
Bayern Munich will face Real Madrid in the first leg of the Champions League semifinal on Tuesday
football2 hours ago
Company’s mobile customer base grew 5.7% year-over-year to 8.7 million subscribers
telecom2 hours ago
UK foreign secretary says the proposal includes 40-day pause in fighting and release of thousands of Palestinian prisoners and Israeli hostages
world2 hours ago