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Is the commision paid to employees included in the VAT system? Our employees are paid both a salary and commission, and commission payments are directly related to the clients they (the employees) have introduced to the provider Should we be applying input VAT to the commission paid to agents? It is considered a sales expenses and considered an operating expense on the income statement
What should employees and employers do when commission-only jobs dont . . . Dear Sir Madam, Many agents are forced to accept commission-only jobs, and then find themselves working full-time for zero pay in a very competitive market For example, let's say you work full-time for six months and fail to make a sale The law requires the company to cover basic living costs In such a case, what should the employee and employer do?
Real estate brokers fee in Dubai - Legal Advice Middle East Generally, Real Estate Agent’s commission in Dubai is 2% of the purchase price unless you and the broker agreed otherwise For further details on the subject, you can contact our office
Can I legally receive a commission for trading as a broker in the UAE . . . I am working as a broker between the trade happening in other countries, e g a trade happening between Spain and India Can I legally receive a commission for these trade operations in the UAE? If yes, what should I do? Do I need to open a license?
VAT and its application for a broker selling third-party goods in the . . . When Broker raise sales invoice to the customer, it includes the cost of goods and commission Therefore, because of the current mechanism of invoicing, Broker has to charge Value Added Tax (VAT) for the total amount (value of goods + commission) However, Broker has to record VAT Payable in books only on the commission part
A broker suspects non-payment by the company. How to secure commissions . . . Dear Questioner, Secure any copies of contracts you signed with any HR managers, even if deemed invalid by the current manager Review them and look for specific details like commission rates and termination clauses If you suspect that the company is unnecessarily holding the amount, you can escalate the matter to MOHRE If you need our assistance to review the same, please share your
Is it legal if a real estate agent takes his commission share directly . . . Is it legal if a real estate agent takes his commission share directly from a client? Hi, I was working in a Real Estate company as an agent Last deal I closed with common commission 22,000 AED By contract 50% - to me, 50% - to the company Next day I found a spelling mistake in the name of the company on the cheque and I went to change it
What are the market fees of the broker when you sell a property in . . . I have agreed through a real estate broker to sell a property in Dubai The agent is charging the buyer a commission and the seller (me) a marketing fee which is about 40% of the size of the commission In the event of the contract not being completed through my fault, the contract I am being asked to sign requires me to: a) repay the deposit to the seller, b) repay an additional amount equal
How can a real estate agent claim commission from agency after . . . How can a real estate agent claim commission from agency after resignation? I am working as an agent with a real estate agency I am new to this industry, just got my visa processed which is why I am still looking forward to applying for RERA I sold an apartment in an off-plan project which is exclusive with the broker I am working for