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VAT to come next year

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VAT to come next year

Old 29th Jul 2015, 08:40
  #1 (permalink)  
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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..
flaphandlemover is offline  
Old 2nd Aug 2015, 13:27
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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
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Old 2nd Aug 2015, 21:16
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Join Date: Mar 2005
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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 !!!
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Old 2nd Aug 2015, 23:05
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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?
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Old 3rd Aug 2015, 04:33
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Most elevated wage quotes include housing and sometimes schooling. Check the website it easy to figure out what the pay is and at year 4 add about 15%.
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Old 3rd Aug 2015, 06:10
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so, what's the realistic take home pay for a newbie?
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Old 3rd Aug 2015, 06:26
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Not enough.

BobDole is offline  
Old 3rd Aug 2015, 12:40
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If money is your drive

Qr offers more for less bleeding
Am NOT Sure is offline  
Old 3rd Aug 2015, 17:30
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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...
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Old 3rd Aug 2015, 17:56
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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.
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Old 3rd Aug 2015, 20:21
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Relax

Originally Posted by emratty View Post
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
There's no debt problem.

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.
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Old 4th Aug 2015, 01:35
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8500 per month in your pocket after 4 years ? Really

I guess my friend just trying to impress me
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Old 17th Aug 2015, 09:50
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Join Date: Oct 2012
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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
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Old 17th Aug 2015, 10:49
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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
Ohhh look, theres something pink flying past! and look, theres a funny smell coming from that brown pile over there.
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Old 17th Aug 2015, 10:58
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Join Date: Oct 2012
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I am sure in your country VAT it's zero. Right?
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Old 17th Aug 2015, 11:18
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I am sure in your country VAT it's zero. Right?
It isn't but what is the tax for?

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.
littlejet is offline  
Old 17th Aug 2015, 11:54
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Join Date: Oct 2012
Location: Dubai
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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.

Last edited by nsiotto; 17th Aug 2015 at 11:56. Reason: Forgot PS
nsiotto is offline  
Old 17th Aug 2015, 12:06
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Join Date: Sep 2002
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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?
littlejet is offline  
Old 17th Aug 2015, 13:10
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Don't feed the troll.
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Old 17th Aug 2015, 13:12
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Join Date: Sep 2002
Location: Europe
Posts: 288
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

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
Did you enjoy paying 1800 Eur for nothing?
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