Temporary Zero-rating of Certain Medical Equipment

On 1 September 2020, the Cabinet issued a Cabinet Decision No. 9/12 O of 2020 (“Cabinet Decision”). The Decision concerns the temporary application of VAT at the 0% rate on certain supplies and imports of medical equipment. Furthermore, the Ministerial Decision No. 380 of 2020 (“Ministerial Decision”) issued by the Minister of Health and Prevention on 6 December 2020 (with effect from 1 September 2020) specifies the medical equipment that are zero-rated in accordance with the Cabinet Decision. In accordance with Cabinet Decision No. 15/3 O of 2021, the above decisions shall be effective until 31 December 2021.

In accordance with the Cabinet Decision, a supply or import of certain medical equipment may be zero-rated. It should be noted that that the zero-rating of supplies and imports under the Cabinet Decision is separate, and in addition to, zero-rating of any other medical equipment in accordance with Cabinet Decision No. 56 of 2017 on Medications and Medical Equipment Subject to Tax at Zero Rate.

The “medical equipment” to which the temporary zero-rating rules apply are personal protective equipment used for the protection from Covid-19, and which contain the features and meet the specifications determined and specified by the Ministerial Decision. Such medical equipment are limited to:

  • Medical face masks that are not included in the Cabinet Decision No. 56 of 2017 on Medications and Medical Equipment Subject to Tax at Zero Rate (of approved standards 14683 and UAE.S ASTM F2100);
  • Half filtered face mask (UAE.S EN 149);
  • Non-Medical “community” face mask made from textile (UAE.S 1956);
  • Single-use gloves (UAE.S ISO 374-2); and
  • Chemical disinfectants and antiseptics intended for use on the human body, but excluding detergents, cosmetics and personal care products (UAE.S EN 1276, EN 1650, and EN 14476:2013+A2).

CONDITIONS TO ZERO-RATING

Date of supply/import of above mentioned medical equipment shall be within the period beginning from 1 September 2020 to 31 December 2021.

Major Reasons Of Hiring Professional Auditing Services In Dubai

Professional Auditing Services In Dubai

Professional Auditing Services In Dubai – Whether is a small, medium, or even big size of businesses also, it doesn’t matter what the number of staffs or list of business, competent and correct bookkeeping can make the better organization.

Accounting is properly done right which makes sure that records are always updates and provide precise data that can be utilized to assess what they deliver and request for products or services are.

Accounting can be done in-house or it is outsourced also. And, professional Accounting Services In Dubai will make sure that the main intentions of the business are being come across with their know-how in bookkeeping.

The Professional Auditing Services In Dubai will not assist to maintain correct records, but will be a key importance in the development of the company, assisting it to come across and go beyond business objectives.

Here are the main reasons how it makes dissimilarity to any business:

You will become acquainted with your income and expenses to the final cent. No more presuming about how much earnings was produced and how much was used up. This will allow you to take the right decisions when it comes to building a business strategy for the future.

A professional bookkeeping service cans also assist to pick up debts from vocal or forgotten sources; therefore returning your money that is long deserved.

A bookkeeper with exact know-how in the nature of your business can offer you with professional advice and information that will get it convenient when you make future plans. The guidance of a niche professional can never be undervalued.

When you outsource your needs to a professional accounting service, you can be guaranteed that you will never be delayed for any financial deadlines, whether it is for invoice creation or for accounts receivable statements. This means collections will be done on time and revenues will be smooth leading to a much better condition of finances for the organization.

 

Different Auditing Service Providing Company In Dubai – Professional Auditing Services in Dubai

Professional Auditing Services in Dubai

An independent audit is the foundation for decision-making in the capital markets. Stakeholders seek responsible and objective opinion from independent auditors and the fundamental goal of our auditor professionals in the UAE is to provide this assurance.
At “RBS” in the UAE, we are committed to providing a excellent Professional Auditing Services in Dubai. Now and again, marketplace feedback, from both large quoted and growing businesses, confirms that our audit opinion is robust and commercially focused.

Professional Auditing Services In UAE

An independent audit is the foundation for decision-making in the capital markets. Stakeholders seek responsible and objective opinion from independent auditors and the fundamental goal of our auditor professionals in the UAE is to provide this assurance.
At “RBS” in the UAE, we are committed to providing a excellent Professional Auditing Services in Dubai. Now and again, marketplace feedback, from both large quoted and growing businesses, confirms that our audit opinion is robust and commercially focused. Contrary to what you think auditing is very beneficial for the company. As a provider of Professional Auditing Services In UAE, we have been able to help many companies to know the exact picture of the company’s financial health. This is very essential for planning investment and expansion. Auditing will also help you to find out if your company is fully compliant with the accounting laws of the country.

 

We provide a variety of services with regard to auditing like internal and external auditing. As a provider of the Best Auditing Services in Dubai we also offer you audit assurance and financial reporting advice and solutions under the IFRS. We can also conduct a limited review of your financial records or do a specialized audit.

 

An audit seeks to provide a real overview of the financial performance of a business, whilst improving an entities efficiency and profitability. This is achieved through the insightful financial results which an audit can uncover, such data allows key stakeholders to make calculated risks, whilst assessing elements within the financial structure which may need improvements.

To ensure business activities are in compliance with accounting laws and regulations, we thoroughly examine a client’s business process, analyse performance comparisons, disclose their strengths and weaknesses, as well as identify critical areas of their operations.