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Babu Das Augustine, Banking Editor at Gulf News, answers VAT questions and how it will affect your daily life.

If a company receives an advance of Dh5,000 on January 2, 2018 for an order of Dh20,000 which is be delivered on April 4, 2018, does the advance be taxed at 5 per cent or VAT should be applied on the entire order amount and paid at one go?

Tax payable in advance

Is the sale of fresh fruits and vegetables subject to VAT?

Yes

Do we need to pay VAT at UAE border for imports from Salalah, Oman?

Yes, if your customs number and TRN are not linked

Do we need to pay VAT for commercial premises on rent for the remaining period of 2018? The contract was entered in 2017, it was invoiced and fully paid for.

Taxable. But if agreement is silent, you need not bear it

We are real estate brokers. We rent out residential apartments and get commission. Should I pay VAT on this commission?

Yes

If I am buying some material from non-registered company, how is the tax paid?

No tax payable

How to ask Babu Message us on Facebook or email: readers@gulfnews.com with ‘VAT Question’ as the subject line. Contact Us send us a WhatsApp message on 056 5245977 or tweet to us @GNReaders. You can also direct message us on the Gulf News Facebook page.