UAE aids healthcare sector; Adopts Zero-rated VAT on medical equipment

By Backend Office, Desk Reporter
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum
Sheikh Mohammed bin Rashid Al Maktoum, Vice President & Prime Minister of UAE & Ruler of Dubai.

In an effort to lessen the impact of the pandemic and to support the health care sector, the UAE Cabinet has adopted measures to impose a zero-rated value-added tax (VAT) on medical equipment.

The new measure will benefit the buyers of medical equipment including hand sanitizers, disposable suits, face masks, gloves and respirators for air purification.

The Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, chaired the meeting at Qasr Al Watan in Abu Dhabi, where he virtually interacted with teaching staff and students from various schools in the UAE.

During the interaction, Sheikh Mohammed highlighted the progress the educational sector has achieved since the day of its foundation. He stressed on the efforts of the country to develop its educational system even in the most difficult of times.

“The previous school year is the best example of the strength of our educational system and its ability to continue without interruption in the most difficult circumstances,” the Dubai Ruler added.

The meeting also decided to implement regulations of the federal law regarding Medically Assisted Reproduction which highlights the responsibilities of the licensed fertilization centers, licensing fertilization centers and genetic testing.

The cabinet approved sponsorship policy in the federal government which recognizes the guidelines for accepting donations and sponsorship by ensuring that the funding received from a source moves per the core value and brand attributes of the entity.

Certain provisions in the notary public profession law were also amended during the meeting. The provisions aim to use advanced technologies thus making it possible to process the notarization requests and services remotely.