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‘VAT regulations maintain realty investment competitiveness’

Abu Dhabi / WAM The Federal Tax Authority (FTA), has called on persons dealing with commercial real estate to apply the basic Value Added Tax, VAT, rate of five percent on all sales and rent of such properties, urging buyers to pay the due VAT before proceeding with the transfer of ownership. The Authority had organised an awareness tour for ...

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ERC distributes food, relief aid in Yemen

Dhala / WAM The Emirates Red Crescent (ERC) distributed 600 food baskets to undeprivileged families in the villages of Al-Arayef, Al-Worah and Al-Bajh across the Dhala governorate of Yemen. Nabil Al-Afeef, Dhala province deputy, and Mohamed Fadl Ismail, Director of the Dhala Governor’s Office, oversaw the distribution of the food aid. Al-Afeef expressed his appreciation for UAE’s humanitarian and relief support ...

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Private sponsors can renew Daman basic health insurance online

Abu Dhabi / WAM The National Health Insurance Company, Daman, has launched a new service that allows private sponsors to renew health insurance policies of family members and domestic staff online. The service is a significant upgrade over previous iteration, launched in 2016, which limited renewals to sponsored employees in eight professions, mostly domestic staff. During its trial phase, more ...

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