VAT to come next year
Thread Starter
Join Date: Dec 2008
Location: in a hotspot on that planet
Posts: 314
Likes: 0
Received 0 Likes
on
0 Posts
VAT to come next year
I was told by a Standard Chartered Bank employee that they where told that
UAE will implement a VAT of 7% by next year.
So another increase in expense in DXB beside the fuel price hike..
UAE will implement a VAT of 7% by next year.
So another increase in expense in DXB beside the fuel price hike..
Join Date: Jun 2007
Location: sand box
Posts: 128
Likes: 0
Received 0 Likes
on
0 Posts
Dubai is as good as bankrupt this is an inevitable next step. The economic storm that is going to hit Dubai will make 2009 seem a small dip.
Another Dubai debt crunch is looming as oil slump hits Gulf - Telegraph
Another Dubai debt crunch is looming as oil slump hits Gulf - Telegraph
Join Date: Mar 2005
Location: SKG
Posts: 0
Likes: 0
Received 0 Likes
on
0 Posts
EK should start canceling orders and put a few used ones for sale
Let's hope no pay cuts for the pilots !! A friend of mine is 777 FO on his 4 th year and said he makes 14-15 thousand per month so I guess he could take a small cut !!!
Let's hope no pay cuts for the pilots !! A friend of mine is 777 FO on his 4 th year and said he makes 14-15 thousand per month so I guess he could take a small cut !!!
Join Date: May 2012
Location: Northern Hemisphere
Posts: 9
Likes: 0
Received 0 Likes
on
0 Posts
Paokara.. Assuming your friend was quoting their salary in USD I'm afraid to tell you he is telling porky pies... Your friend doesn't work in EK recruitment by any chance?
Join Date: Aug 2010
Location: Hotel room
Posts: 38
Likes: 0
Received 0 Likes
on
0 Posts
4th year FO with School allowance for 2 kids , housing allowance and 90 hours a month will take you to 15k USD... We have way bigger problems in this company than this argument of US vs G3...
Join Date: Apr 1999
Location: South of North
Posts: 655
Likes: 0
Received 0 Likes
on
0 Posts
Not including school allowance - which you don't see and only covers, at most, 90% and not including housing since that's not an option taken by most an FO take home is in the neighborhood of 30,000 dhms or 8,500 US.
Join Date: Sep 2000
Location: Danger - Deep Excavation
Posts: 338
Received 0 Likes
on
0 Posts
Relax
Dubai is as good as bankrupt this is an inevitable next step. The economic storm that is going to hit Dubai will make 2009 seem a small dip.
Another Dubai debt crunch is looming as oil slump hits Gulf - Telegraph
Another Dubai debt crunch is looming as oil slump hits Gulf - Telegraph
http://www.arabianmoney.net/islamic-finance/2015/02/16/no-repeat-of-the-2009-dubai-debt-crisis-now-possible-as-dubai-world-signs-off-14-6bn-refinancing-deal/
"No repeat"
Everything is fine.
Nothing to see here.
Join Date: Oct 2012
Location: Dubai
Age: 51
Posts: 23
Likes: 0
Received 0 Likes
on
0 Posts
Get over rumors
Firstly the exact percentage of the vat has not been announced yet. IMF suggested 5% and it will not affect essential goods but only luxury goods.
UAE said to press ahead with VAT, corporation tax plans - ArabianBusiness.com
UAE said to press ahead with VAT, corporation tax plans - ArabianBusiness.com
Firstly the exact percentage of the vat has not been announced yet. IMF suggested 5% and it will not affect essential goods but only luxury goods.
UAE said to press ahead with VAT, corporation tax plans - ArabianBusiness.com
UAE said to press ahead with VAT, corporation tax plans - ArabianBusiness.com
Join Date: Sep 2002
Location: Europe
Posts: 288
Likes: 0
Received 0 Likes
on
0 Posts
I am sure in your country VAT it's zero. Right?
The healthcare is not free
The roads are not free
Education is not free
Residence is not free nor permanent
There is no social security for residents.
Join Date: Oct 2012
Location: Dubai
Age: 51
Posts: 23
Likes: 0
Received 0 Likes
on
0 Posts
Pilots working for Emirates or Etihad get all sort of allowances, top medical insurance, abundant accommodation allowance, school fees (2 to 4 kids depending on seniority) and discounts I could only dream of in restaurants, SPA's, gym, etc. Moreover a pilot friend of mine told me they also have a retirement fund paid by Emirates. Oh forgot, salaries are tax free.
In the private sectors lucky ones get similar treats or a neighbor of mine has a salary which compensates all the above.
Then if you want to convince me that there is a portion of residents that miss all the above, well yes. In my country as a matter of fact I know many that miss a job which in my view makes things even worse. Or not?
P.S. Forgot to mention that the government subsidized all infrastructures and services as long as the barrel could generate revenue which isn't in the last 16 months at least.
In the private sectors lucky ones get similar treats or a neighbor of mine has a salary which compensates all the above.
Then if you want to convince me that there is a portion of residents that miss all the above, well yes. In my country as a matter of fact I know many that miss a job which in my view makes things even worse. Or not?
P.S. Forgot to mention that the government subsidized all infrastructures and services as long as the barrel could generate revenue which isn't in the last 16 months at least.
Last edited by nsiotto; 17th Aug 2015 at 10:56. Reason: Forgot PS
Join Date: Sep 2002
Location: Europe
Posts: 288
Likes: 0
Received 0 Likes
on
0 Posts
That is exactly my point
DEFINITION of 'Taxes'
An involuntary fee levied on corporations or individuals that is enforced by a level of government in order to finance government activities.
Let's say you are laid off from your work...
Till you find another job,
Can you apply for unemployment benefits?
Can you remain on your healthcare plan?
Can you stay in the Country?
Can your kids continue the school for free?
DEFINITION of 'Taxes'
An involuntary fee levied on corporations or individuals that is enforced by a level of government in order to finance government activities.
Let's say you are laid off from your work...
Till you find another job,
Can you apply for unemployment benefits?
Can you remain on your healthcare plan?
Can you stay in the Country?
Can your kids continue the school for free?
short flights long nights
Don't feed the troll.
Join Date: Sep 2002
Location: Europe
Posts: 288
Likes: 0
Received 0 Likes
on
0 Posts
VAT aims to improve the economic state or furtherance of a State.
Introduction of taxes will lead to income taxes in near future in my opinion
If I have no real view of what I am paying for why should I welcome it, be it only 5% on Rolex watches
Did you enjoy paying 1800 Eur for nothing?
Introduction of taxes will lead to income taxes in near future in my opinion
If I have no real view of what I am paying for why should I welcome it, be it only 5% on Rolex watches
When I worked as a free lancer in Italy I had to pay 1800 a year extra to the social system for contributing to the healthcare which in some part of the country sends you to heaven