VAT law UAE | Lincoln University of Business and Management

VAT law UAE (Regulations)

As an organization the VAT law UAE is fast adapting to the changes due to VAT law UAE implementation since January 2018. We would like to provide an opportunity to our learners who wish to save on the 5% additional ‘VAT law UAE’ charge to be levied on all payments from the start of the year 2018.

Why will VAT law be applicable in UAE?

VAT will be another wellspring of bringing incomes for governments up in the Gulf Cooperation Council (GCC).

The main evaluation is that the UAE will produce more than Dh12 billion extra incomes in the principal year after usage of this new expense.

GCC nations have chosen to actualize tax assessment as a component of the legislatures’ endeavors to expand incomes with regards to sharp decrease in oil costs. The International Monetary Fund has been suggesting financial union in the GCC through broadening of government incomes and diminishment of endowments.

The government has been thinking about the need to differentiate salary sources and this is considerably more the case given the advancements adversely influencing government incomes in the district, for example, lessened pay from oil incomes.

From 1st January 2018, Value Added Tax (VAT) has come into effect.

What is VAT?

VAT is a transaction tax, chargeable on the sale of goods/products and services. The standard rate of VAT is5%. For Lincoln University of Business and Management FZE, a leading PRIVATE Education Services provider, the supply of academic and other education services made in return for an explicit charge shall be taxable. As a VAT-registered business, LUBM will be required to charge VAT on its services were prescribed under the Law. This would be in addition to the stated prices. Please note that as of 1 January 2018, the fees charged by Lincoln University of Business and Management FZE on all its services provided (the “Fee”) will be subject to VAT.

Invoices / Receipts Issued Before 1 January 2018

The Regulations once issued will determine whether, and to what extent, VAT is due on invoices/receipts issued before 1 January 2018, where the actual supply is deemed to be provided on or after the implementation date of the VAT. We, therefore, reserve the right to raise an additional invoice for VAT due on the portion of services charged in 2017, but supplied, consumed or otherwise derived after implementation.

Future VAT Updates

For further information on the VAT, the websites of UAE Ministry of Finance www.mof.gov.aeand the UAE Federal Tax Authority www.tax.gov.ae. These contain information on the Law and some FAQs on the introduction of the VAT. The latest announcements on VAT will be published on these websites first. Please note that this communication has been prepared for information purposes only and is not intended to provide, and should not be relied on, for tax advice. You should consult your own tax advisors for any tax-related queries you might have.

VAT charges for our services-LUBM

Lincoln University of Business and Management FZE, a leading private education services provider, is pleased to inform you that abiding by the VAT Law in UAE, we have registered our company with the UAE Federal Tax authorities. Beginning January 2018, all products and services provided by Lincoln University of Business and Management FZE, locally in the UAE, will be subject to 5% VAT Tax.

In compliance with the UAE Federal Tax authority, all payment received via cash, cheques or POS machine’s will levy 5% VAT and the amount will be included on the invoice/receipt. All issued receipts/invoices in 2017 and prior are excluding VAT.

Should you need any further assistance/clarification, please do not hesitate to reach us at our contacts.

*Note: VAT law UAE exempts Only Federal / Public institutions.

University Ranking

University Ranking

University Ranking in 2018

CEOWORLD Magazine has published The University Ranking in 2018. For the 3rd year in a row, GBS has improved its position in the CEOWORLD Magazine Best Business Schools in the World rankings, jumping from 81st to 75th, as well as representing the second highest-ranking Swiss school in the list!

To arrive at this ranking, the magazine conducted a survey which was completed by 30,000 students, 28,000 industry professionals, and 4,000 recruiters around the world and which collected data focusing on seven major indicators of quality including academic reputation, job placement rate and global reputation and influence.

With more than 12 million monthly page views, CEOWORLD Magazine is an authority on the future of Business, Finance, and Technology and is one of the most read business magazines by senior executives, corporate managers, entrepreneurs, venture capitalists and researchers across the world.

This news comes just weeks after having been awarded Best Business School in Switzerland 2018 by Global Brands Magazine.

GBS is extremely proud of this international recognition and vows to maintain its standard of excellence that has made it a world-leading business school for years to come!

Talk about BBA/MBA programs

Lincoln University in association with Geneva Business School provides a wide range of crafted courses catering to the needs of working professionals. We offer twelve different specializations along with postgraduate diploma and certificate programs. On the occasion of holy month of Ramadan, we have exciting scholarship offers. For more details inquire at https://www.lincoln-edu.ae

Mode of learning

LUBM delivers courses to its learners at five-star locations as well as through online portal.

You have the option to choose from a wide range of courses in our extensive curriculum, delivered both online and onsite when and where you need it. We even offer the blended mode of learning program in which our learners can indulge in extensive learning of subjects thus fulfilling business objectives, knowledge gaps, or cultural preferences.