VAT impact: Indians’ trip to UAE likely to be more expensive from New Year

News Network
December 27, 2017

As the United Arab Emirates is ready to embrace a new tax regime in the form of value added tax (VAT) on January 1, 2018, foreign tourists will have to shell out cost 5-7% more for their trip to Dubai or other parts of the UAEM from the New Year.

Due to its dwindling oil fortunes and weakening economy, UAE will levy VAT at 5% on a majority of goods and services including hotels, sightseeing tours and car hires.

"Accordingly, tour costs to UAE will increase by 6% to 7% due to the 5% tax and compliance cost that businesses will incur. Dubai is the biggest draw for outbound Indians and they, too, will have to pay more," said a travel agent from India.

"Even if we had confirmed bookings earlier for any service, 5% VAT will be applicable on services rendered in UAE from January 1, 2018.... We are in the process of sending amended invoice with 5% VAT for services already confirmed and invoiced. We request you to inform your guests in advance," says a mail circulated among tour agents in India by a leading travel distributor.

With UAE, especially Dubai, being a huge draw for Indian travellers, big travel companies have said they will try to minimise the impact of the enhanced cost for end users.

Karan Anand of Cox & Kings Ltd said: "The cost of a UAE holiday will rise marginally. Rhis has been factored in by travellers who plan to visit the Emirates. However, this will be offset by holiday offers we have lined up for Indian travellers who plan to celebrate the New Year, or travel for the Dubai Shopping Festival.... The UAE has been an attractive destination for Indians, and this year, Indian arrivals to Dubai crossed one million."

Just how big a draw UAE is for Indians can be gauged from the fact that of the 5.3 crore international travellers in 2016, 1.8 crore—over one-third of the total—had travelled between India and UAE. Mumbai-Dubai, followed by Delhi-Dubai were the two busiest international routes to and from India.

While many of those were flyers taking connecting flights from UAE's mega hubs like Dubai and Abu Dhabi, a majority of the 1.8 crore were flying between India and UAE.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
July 1,2020

Bengaluru, Jul 1: Karnataka Primary and Secondary Education Minister S Suresh Kumar on Wednesday played down reports about confusion regarding valuation of Second Pre- University and the Secondary School Leaving Certificate exam papers.

"Creating confusion has become a habit. There was confusion before the exam, during the exam and now confusion about the valuation of the exam papers," Kumar told reporters in Ramanagara when asked about the confusion over the valuation of answer sheets.

He had gone there to inspect a few centres where the SSLC or the 10th standard exams are underway.

The minister reminded people not to speak about the abilities of the students with contempt.

"Our students have toiled hard and are enthusiastically appearing for the examination. They are eligible for the marks they will score. So we should not speak about our children with disrespect," Kumar said.

The Education Minister said he had spoken to many leaders including former chief ministers Siddaramaiah and H D Kumaraswamy on conducting the examinations.

"Kumaraswamy had insisted on postponing the examination. I personally spoke to him and apprised him about the steps taken by us. I told him that we will work with more sincerity to ensure the safety of the children," Kumar said.

The SSLC exam was scheduled to take place from March 27 but due to the coronavirus-induced lockdown, it was postponed.

While the CBSE and a few other states either decided to give marks based on the students' performance in the previous examinations such as quarterly and half-yearly exams or gave general promotion to the students, Karnataka went ahead to hold the exam.

According to Karnataka Secondary Education Examination Board officials, around 8.5 lakh students have enrolled this year for the SSLC examination.

The exams are being held at 2,879 exam centres across the state.

Prior to the SSLC examination, the last exam of the Second PUC was also conducted on June 18, which was also put on hold due to the lockdown.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
coastaldigest.com news network
July 7,2020

Udupi, Jul 7: A hotelier committed suicide by jumping into a well at Hiriadka in Udupi district last evening. 

The deceased is Raghavendra Bhat (48), a resident of Kadiyali and owner of Hotel Shivasagar in Kadiyali.

He had been to his brother's house in Hiriyadka where he resorted to the extreme step. 

He was known for organising tiger dance competitions during Sri Krishnashtami every year.

He had contested the Udupi CMC election from Congress party, but had lost by a few votes. Later he had joined the BJP.

A case has been registered ar Hiriadka police station and investigations are on.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
March 30,2020

Belgaum, Mar 30: As many as 2442 labourers hailing from Karnataka have been brought back in 62 buses by the State government from Maharashtra on Sunday, in the backdrop of nation-wide lockdown following COVID-19 outbreak.

Maharashtra Chief Minister Uddhav Thackeray on Saturday urged migrant labourers not to leave the State owing to the nationwide lockdown and assured that the Maharashtra government will look after their interests.

Hundreds of migrants, a majority of whom are daily wage workers started rushing to their native places from different states amid uncertainty over their livelihood following the announcement of a 21-day nationwide lockdown by Prime Minister Narendra Modi last week in order to contain the spread of novel coronavirus.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.