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VAT in UAE on 01 January 2018- What is your new PLAN?

 

Alamin muna natin kung ano ang kahulugan ng TAX?

From UAE Ministry of Finance, the definition of Tax is:

• the means by which governments raise revenue to pay for public services. Government revenues from taxation are generally used to pay for things such public hospitals, schools and universities, defence and other important aspects of daily life.

There are many different types of taxes:

• A direct tax is collected by government from the person on whom it is imposed (e.g., income tax, corporate tax).
• An indirect tax is collected for government by an intermediary (e.g. a retail store) from the person that ultimately pays the tax (e.g., VAT, Sales Tax).

What is VAT?

Value Added Tax (or VAT) is an indirect tax. Occasionally you might also see it referred to as a type of general consumption tax. In a country which has a VAT, it is imposed on most supplies of goods and services that are bought and sold.

Sa darating na 1st January 2018, ipapatupad na ito across the UAE. So may VAT na sa mga selected goods and services tulad ng foods, electronic items, petrol, financial services and many others.

Ibig sabihin nito, bawat pagbili natin ng mga basic commodities, madadagdagan ng 5% ang gastos natin. Mas maganda sana na sa bawat pagtaas ng mga bilihin, kasabay nito ang pagtaas ng ating suweldo. Nakakalungkot mang isipin pero hindi nangyayari yun.

Anong sunod mong hakbang gayong tuloy na ang implementation nitong VAT?

Ito ang ilan sa mga tips kung paano makaka-save o makakatipid:

1. Unahin munang itabi ang savings bago ang paggastos.
2. Bawasan ang madalas na paggimik.
3. Bawasan ang pagkain sa labas.
4. Magdala ng listahan bago pumunta sa grocery store at sundin kung ano ang nakasulat upang maiwasang bumili ng mga hindi kailangan.
5. Kumain muna bago maggrocery. Pag gutom habang naggo-grocery, gusto mong bilhin lahat ng makita lalo na kung may nakalagay na sale.
6. Bawasan ang mga luho.
7. Bawasan ang mga bisyo.
8. Magbaon ng pagkain pag papasok sa trabaho sa halip na bumili sa labas.
9. Mag-aral kung paano makakapag-invest.
10. Pagplanuhan ang future at ang retirement at walang forever sa pagiging OFWs.

 

Wishing you a Happy and a Prosperous New Year!