Value Add Tax (VAT)
Dear Valued Clients
Thank you very much for continues support with DreamCam Studio L.L.C. It was an amazing year, and it was our pleasure to provide you photography & videography rental equipment and other services in the company. As we are expanding every year, we would like to announce that we are moving into a new location soon which is going to be as a surprise! Stay tuned.
As you may be aware, United Arab Emirates published a proposed a VAT regulation with the aim to be implemented by 1st January, 2018.
In preparation for the forthcoming VAT implementation, we, DreamCam Studio L.L.C, is committed with VAT implementation process and have already taken necessary actions regarding all sales invoices to let it comply with the new Tac regulation. VAT is required to be changed by businesses that are registered for VAT in their respective GCC member start of residence. In general, the supplies of goods and services are taxable at the standard rate of %5 VAT unless the VAT regulation specifically provided that such supplies are zero – rates or outside the scope of VAT.
We, DreamCam Studio L.L.C consider complying with the new regulation and ensure the successful implementation of VAT. All concerned customers to take in consideration below:
1. Dreamcam Studio would add an additional field to its sales invoices based on the new VAT regulations.
2. All customers are requested to provide DreamCam Studio L.L.C with their respective VAT registration number and copy of the VAT registration certificate, for our records and fulfillment of any other legal requirements associated thereto.
3. We formally advise to kindly consider this as an amendment to our terms and conditions of supply of goods and services to you, weather or not covered by quotation, order or formal contract or agreement.
Thanking you in anticipation and please contact us in case of any questions.
Mr. Rashed Al Falasi
CEO and Founder
DreamCam Studio L.L.C