{"id":1913,"date":"2017-11-16T10:06:21","date_gmt":"2017-11-16T10:06:21","guid":{"rendered":"http:\/\/139.59.38.172:8081\/?p=1913"},"modified":"2017-11-16T10:06:21","modified_gmt":"2017-11-16T10:06:21","slug":"vat-affects-education-sector-dubai","status":"publish","type":"post","link":"https:\/\/www.mymoneysouq.com\/financial-blog\/vat-affects-education-sector-dubai\/","title":{"rendered":"VAT affects on the education sector in Dubai"},"content":{"rendered":"

There is hardly 45 days left for Value Added Tax to come into the picture. Still, there is so much uncertainty about the sectors included and exempted from the VAT. Even though the FTA(Federal Tax Authority) has released Article 45 and Article 46 which has complete information regarding the firms which comes under the VAT law. <\/p>\n

Check:<\/strong> How to register your businesses for VAT in UAE<\/a><\/p>\n

Now as per the latest update educational institutions seem to have been exempted from tax payment. But not all the educational institutions have been excused. Only nurseries, pre-primary schools, and high schools come under the exempted category(Article 46). Other than that, higher educational institutions, universities are supposed to pay the VAT. Not only government schools but also private schools come under the excluded list.<\/p>\n

Nurseries and schools actually come under the zero-rated category. The products which are taxable but the tax rate is zero are called Zero rated supply. In other words, they don\u2019t pay any tax but can avail the benefits associated. So the education sector excluded from the vat category comes under Zero rated category. Not in all the divisions in the education sector VAT is added there are few which comes under exempted category and some under zero rate category.<\/p>\n

Maybe Interested:<\/strong> Give a savings excuse and win AED 50,000<\/a> <\/p>\n

Fees like tuition fees, books fees, examination fees, admission fees etc all the fees which are mentioned in the curriculum comes from 0 rated supply. Furniture, computers, books supplied to the schools as basic amenities in the school are exempted from the tax. <\/span><\/p>\n

The facilities which are included in the 5% section are:<\/span><\/h3>\n