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Monday, February 18, 2019

DHL CHOSEN AS GLOBAL LOGISTICS PARTNER OF THE JAGUAR I-PACE eTROPHY CHAMPIONSHIP

  • DHL is announced as Global Logistics Partner of the Jaguar I-PACE eTROPHY race series ahead of the Mexico City race
  • The Jaguar I-PACE eTROPHY is the world’s first all-electric production-based series and supports the ABB FIA Formula E Championship
  • Nine races remaining until Jaguar crowns winner of inaugural series
  • DHL has been Jaguar Land Rover’s lead logistics partner for 23 years

Jaguar Racing announced a partnership with the world’s leading logistics company, DHL, to act as Global Logistics Partner for the new Jaguar I-PACE eTROPHY series.

In its inaugural season, the eTROPHY will visit nine cities around the globe. It is the world’s first all-electric championship for production-based cars.

DHL will organise the logistics and transport all of the Jaguar I-PACE eTROPHY racecars, ABB charging systems, garages, spare parts and technical equipment. DHL has more than 35 years of experience in motorsports logistics, including the job of transporting the freight for the ABB FIA Formula E Championship.

Jaguar Racing and DHL jointly developed a multi-modal logistics solution encompassing land, sea and air freight to deliver the equipment, safely, efficiently and on-time. Through early consultation, DHL was able to help reduce the championship’s freight requirements from two aircrafts to one Boeing 747-800 freighter. The two brands are working together to develop innovative and bespoke packaging solutions to minimise freight and thus improve the championship’s ecological footprint.

Marion Barnaby, Championship Manager, Jaguar I-PACE eTROPHY said: “We are proud to welcome DHL as the Global Logistics Partner of the Jaguar I-PACE eTROPHY series. As we follow the races around the world, the role of DHL is imperative to the success of our race series. They are global leaders in logistics and with an international championship travelling to four continents we have the best possible partner.”

Antonio Arranz, DHL Express Mexico Country Manager, added: “We’ve enjoyed a successful partnership with Formula E since September 2013 and it was natural to extend this partnership to include the Jaguar I-PACE eTROPHY. It’s a fantastic opportunity to be driving the electrification journey with Jaguar as well as organising the logistics and shipping all of Jaguar’s eTROPHY equipment around the world.”

The extended collaboration builds on the 23-year relationship between DHL and Jaguar Land Rover in the production and transport of its vehicles from manufacturing plants to customers around the world.

Jaguar made history with the debut of the world’s first all-electric production based championship, which took place in the historic surroundings of Ad Diriyah, Saudi Arabia, in December 2018.

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HIPA announces January winners of its Instagram Photo Contest

  • My Family was the theme for the January edition

The Hamdan bin Mohammed bin Rashid Al Maktoum International Photography Award (HIPA) has concluded the January edition of the Instagram Photo Contest themed ‘My Family’. Five winners were announced for the competition which received submissions under the hashtag #HIPAContest_My_Family. The contest winners were hailed from; Bahrain, Saudi Arabia, Iran and Turkey. January’s ‘People’s Choice Award’ winner will also receive a brand new CANON EOS M50 Camera, courtesy of Canon Middle East.

HIPA Secretary General, His Excellency Ali bin Thalith said, “On any given day, at any given moment, we have all taken a family photo. We hold these photos close to our hearts and on display in our homes; framed beautifully in celebration and love.  Our photographers have shared with us their precious family moments using creativity, composition and skill. We congratulate this month’s winners and wish the rest of our participant’s success for the upcoming categories.”

January’s winner of the ‘People’s Choice Award’ was Fadhel Al mutaghawi @almutaghawi from Bahrain and he said, “The location of the photograph was in the Pushkar desert in India, where I documented the lives of the gypsies. I took the picture before sunrise to get good lighting.

I have won many awards in addition to being an experienced coach and judge in the field of photography, but winning this competition means a lot of value, appreciation for my work. I will continue to participate and make my best effort to try to win again.”

Another winner, Emir Bağcı @emirbagci from Turkey said, “photo was taken in 2014 in a village near my hometown of Turkey. We happened to meet this family, the two children’s forefathers in the picture, where his parents worked in a nearby factory. They warmly welcomed us and invited us to eat bread despite their poverty.

It was not the first time I won but it gave me a lot of self-confidence and motivation to work and compete for grand prizes at HIPA.”

Full list of winners:

Instagram @ Name Country
almutaghawi Fadhel Al mutaghawi Bahrain
7ussain.photo Hussain Alabdullatif Saudi Arabia
jabergholami99 Jaber Gholami Iran
sohrab_kaveh Sohrab Kaveh Iran
emirbagci Emir Bağcı Turkey
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‘Marking Tobacco and Tobacco Products Scheme’ to Be Implemented on Shisha Tobacco Products starting from Q4 2019

  • The Scheme was successfully implemented on cigarettes to allow for electronic tracking and for combating tax evasion and manipulation.
  • The Federal Tax Authority held an awareness meeting with shisha tobacco manufacturers, importers, and distributors. 
  • E. Khalid Al Bustani: The Authority maintains contact with all stakeholders in the sector to guarantee the Scheme is implemented successfully and effectively.

The Federal Tax Authority (FTA) revealed plans to launch phase two of the “Marking Tobacco and Tobacco Products Scheme” starting from Q4 2019, expanding it to cover tobacco products used in shisha, be they imported or produced and distributed locally.

The Scheme is already in force on cigarettes, allowing for electronically tracking them from production and until they reach the end consumer, in order to ensure full compliance with Excise Tax laws on tobacco and tobacco products.

The announcement took place during an awareness meeting the FTA organised on Sunday (February 17, 2019) in Dubai to discuss the “Marking Tobacco and Tobacco Products Scheme”, its procedures and objectives. The workshop was inaugurated by FTA Director General His Excellency Khalid Ali Al Bustani, and attended by local and international manufacturers, importers, and distributors of shisha tobacco products in UAE markets and free zones, as well as officials from the Authority, experts, and representatives from the international company operating the Scheme.

The Scheme’s first phase came into effect on January 1, 2019, covering all types of imported and domestically produced and distributed cigarettes. The Digital Marks were made available to producers and importers of all kinds of cigarettes to place on cigarette packs before they leave the factory to local markets, which allows them to ensure due Excise Tax has been paid. As of May 1, 2019, the import of any type of cigarettes into the UAE not bearing the Digital Marks will be prohibited; meanwhile, the sale of cigarettes packs not bearing the Marks will be prohibited across UAE markets as of August 2019.

Cabinet Decision No. (42) of 2018 on Marking Tobacco and Tobacco Products, issued in July 2018, outlined a holistic control framework to support the FTA’s tax collection efforts and curb tax evasion in collaboration with all relevant entities. The objective is to synchronise procedures and protect taxpayers’ rights; the Decision stipulated that the Digital Marks be fixed on specified Excise Goods within the production facility – or prior to importing them in the case of imported products.

In November 2018, FTA Chairman’s Decision No. (3) for 2018 on Implementing the Marking Tobacco and Tobacco Products Scheme specified the dates when the Digital Marks will be made available in the UAE, as well as the requirements for storing them and the procedures for placing them on the products in the specific location set by the Authority. The Decision went into effect on January 1, 2019, affecting all types of cigarettes.

“This meeting is part of the Federal Tax Authority’s efforts to maintain direct communication with the representatives of the tobacco companies and all other stakeholders in the sector, as well as with the system operator who developed the Digital Marks to be placed on tobacco products,” said H.E. Al Bustani. “It allows us to review our plan of action and go over the requirements needed to implement the scheme in its second phase. The meeting follows extensive communication with concerned companies and with the system operator; it seeks to synchronise systems and improve coordination among all parties involved in order to ensure the successful and effective application of the system.

“The UAE is the first in the region to implement the system, which seeks, first and foremost, to prevent tax evasion and support the Authority’s tax collection efforts in close cooperation with relevant authorities,” H.E. added. “This guarantees Taxpayers’ rights, enhances competitiveness, and promotes transparency in all transactions carried out with the FTA. The Scheme presents innovative solutions to support inspection efforts at customs ports and markets to prevent the sale of products where due taxes have not been settled. The Digital Marks placed on the products contain accurate tax-related data that can be read with an advanced and dedicated device.”

H.E. Al Bustani explained: “The Scheme seeks also provides a clear framework for assessing the quantities of tobacco and tobacco products circulated within the UAE, and to ensure that these products comply with international standards in the sector. This, in turn, allows relevant authorities to remain up to date with all the developments taking place in this field, as well as to combat commercial fraud.”

“The FTA is committed to implementing its strategy and engaging all stakeholders in the public and private sectors in discussions on new systems set to be implemented by the Authority,” the FTA Director General noted. “To that end, several meetings were held with representatives of tobacco companies, tobacco traders, and the company tasked with operating the system for the Marking Tobacco and Tobacco Products Scheme, to look over the action plan, requirements, and timeline for implementing the Scheme. Additionally, the FTA maintains ongoing communication with concerned companies to help them adapt their systems to meet all requirements, as well as to coordinate between all parties involved, including customs departments, departments of economic development, and producers and importers of tobacco and tobacco products.”

The Federal Tax Authority explained that implementing the Marking Tobacco and Tobacco Products Scheme on imported and locally produced shisha tobacco will be done according to a timeline beginning by Q4 2019, where shisha tobacco producers and importers will be able to place their orders for Digital Marks once the FTA adopts them. They can then proceed to place them on the product packaging before they leave the production facility to hit the shelves at local markets. This makes it possible to determine whether Excise Taxes due on these tobacco products have been settled. In its second stage, the Scheme will include prohibiting the import of any type of shisha tobacco into the UAE if they do not bear the Digital Marks. The third and final stage, meanwhile, will see the sale of all shisha tobacco not bearing the Digital Marks prohibited across all UAE markets.

The Authority urged all businesses subject to Excise Tax to comply with the new system’s regulations for manufacturing and supplying tobacco and tobacco products, calling on them to cooperate with the FTA to effectively implement the system and avoid exposure to administrative penalties. The FTA went on to note that the UAE has successfully developed one of the most advanced legislative systems in the world, setting simple and easy-to-implement tax procedures that were developed following extensive studies of all options and international success stories.

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Emirates Airlines soars to #2 Most Intimate Brand in UAE, According to MBLM’s Brand Intimacy 2019 Report

  • Apple still reigns as #1 for emotional bonding with consumers while YouTube and Nescafé rise to the Top 10

Locally based Emirates Airlines, a multi-award-winning carrier with service to more than 150 destinations on six continents, rose to second place overall, according to the Brand Intimacy 2019 Report from MBLM. The Emirates brand continues to rise, after making the Top 10 list for the first time in 2018 at #6. To date, it is still the only brand originating in the region to make the Top 10 in the UAE-based study.

Brand Intimacy is defined as a new paradigm that leverages and strengthens the emotional bonds between a person and a brand. Brands with a high BIQ (Brand Intimacy Quotient) outperform competitors in both revenue and profit, and their customers are willing to pay a higher price for their product. The full results from the 2019 UAE study will be announced on February 17, along with results from corresponding studies in the U.S and Mexico. Together, the data from these three countries comprise the largest global study on brands and emotion.

“We are excited to see Emirates Airlines performing at this higher level to reach second position this year,” said William Shintani, Managing Partner at MBLM. “The Emirates brand is performing extremely well as it continues to exceed expectations, delivering superior service and quality among its key demographics. Their strongest archetype (A pattern or marker which is consistently present, in part or in whole, among intimate brands that identify the character and nature of ultimate brand relationships.) is fulfillment, which is directly related to the delivery of superior quality of services. It also outperforms its competitors in the travel industry in every archetype.”

Additionally, Apple held the #1 spot for another year, with 32% of users reporting they cannot live without the brand. The automotive industry reported the highest scores overall as the most intimate industry in the UAE with five of the Top 10 brands (Ford, Mercedes, Audi, Lexus and BMW, in this order). YouTube made it to the Top 10 for the first time, improving its rank from #20 in 2018 to #10 in 2019, a growth trend that MBLM predicts will continue in the future. Nescafé, meanwhile jumped 26 places to land on the Top 10 list—from #33 in 2018 to #7 in 2019.

The Brand Intimacy 2019 Report contains the most comprehensive rankings of brands based on emotion, analyzing responses from 6,200 consumers in 56,000 brand evaluations across 15 industries in the U.S., Mexico and UAE. The report per industry will be revealed over the course of 2019 by MBLM.

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Exciting offers at M Hotel Downtown by Millennium during Gulfood 2019

  • Stay in comfort and make your visit to Dubai a wonderful experience

Stay at M Hotel Downtown by Millennium during Gulfood, the world’s largest annual food, beverage and hospitality exhibition, and enjoy exciting benefits that will make your visit to Dubai a wonderful and delightful experience.

The 4-star property which is 10-minutes away to the Dubai World Trade Center where the exhibition is happening from February 17 to 21, 2019 is offering a special room rate starting from 600++ AED, allowing exhibitors and visitors to stay comfortably in one of the hotel’s spacious and stylish 242- rooms.

The package includes free shuttle bus service to the venue, complimentary breakfast buffet at Lemon Pepper Restaurant and high-speed Wi-Fi connection for business travellers to check their e-mails or conduct other business after attending the exhibition.

M Hotel Downtown by Millennium will also provide daily shuttle to Dubai Mall and Jumeirah Kite Beach, giving guests the opportunity to explore the city and visit its popular attractions. Those who are looking to relax and recharge before attending the next day’s event can book a massage treatment at TOSA Spa where they will receive 20% discount on the services.

The hotel will also offer guests discount of 25% when dining at Lemon Pepper Restaurant, La Terrasse Pool Deck & Bar and the Lighthous Terrace and Lounge. During the stay, guests can avail of 50% discount on laundry services.

The Gulfood Exhibition 2019 package is valid on bookings from 15th to 23rd February, 2019 and will allow early check-in and late check-out.

For reservations, please call 04 450 2030 or email reservations.mhdd@millenniumhotels.com

 

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IJAZ ALAM AUGUSTINE DISTRIBUTES CHRISTMAS GRANT IN DIFFERENT DISTRICTS

The provincial minister of HR&MA Ijaz Alam Augustine had visited different districts of the province to distribute Christmas Grant among minorities. According to details Punjab government has allocated a grant of 30 million Rupees for 06 thousand Christian deserving families and Minister Ijaz Alam had distributed cheques worth of million in Jhang, Sialkot and T.T Singh in first phase. During his visit, provincial minister assured to Christian community that PTI’s government is dedicated to provide equal opportunities to the religious minorities and the Christmas grant will be increased by 100 million instead of 30 million in next year for the betterment of the minorities. The minister said that procedure of distribution of grant will be change and the public will not be gathered in such a way to receive their cheques, government will provide their cheques at the door step worth of 10 thousand instead of 05 thousand.

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The European Union highlights the quality, safety and authenticity of agricultural food and beverage products at Gulfood 2019

The European Union (EU), the world’s leading exporter and importer of agricultural food and beverage products, is present at Gulfood this year with its own Pavilion, showcasing the safety, quality, and authenticity of EU agricultural food and beverage products.

The EU Commissioner for Agriculture and Rural Development, Phil Hogan, who is travelling to Dubai with 39 high-level European business delegates on the occasion of Gulfood, will officially open the Pavilion.

The visit and the Pavilion aim to facilitate European agricultural food and drink exports to the UAE, whilst building on the existing presence and strong bonds of European agri-food producers with the UAE market and beyond.

“Gulfood is the largest annual food and beverage trade fair in the world. It is only natural that the EU – the world’s leading exporter and importer of agricultural food and beverage products – is so visible here, thanks to the presence of its Member States and the EU pavilion. This event is a great opportunity for business people not only from the United Arab Emirates but from all over the world to learn more about EU’s excellence in producing authentic, safe food, to the highest quality standards,” says EU Commissioner Phil Hogan.

The European Union Pavilion is set up as an immersive experience in which visitors can taste, smell and see a wide variety of agricultural products from all EU Member States. Cooking shows, tasting sessions and master classes are hosted in the Pavilion by two renowned chefs, Charles Soussin from France and Mona Mosly from Saudi Arabia.

The United Arab Emirates is the EU’s 13th biggest export market for agricultural food and beverage products, the value of which reached €2,953 million in 2017. As a net food-importer and an entry point to other Gulf countries, as well as Middle Eastern and North African markets, the UAE offers many opportunities for European producers.

The growing and diversified population of the UAE is interested in safe and healthy food exported by the EU. European products have been recognised for their diversity, safety, quality and authenticity, ensuring an appealing culinary experience.

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Sheikha Fatima Park Offers Prime Opportunities for Leasing and Investment

  • The Abu Dhabi-based developer, IMKAN, welcoming proposals for multiple premium outlets in the new dynamic leisure space

IMKAN, the globally reputed property developer renowned for creating soulful places that enrich people’s lives, is inviting investors and businesses to explore the leasing and investment opportunities that will be available in Sheikha Fatima Park. Hand-in-hand with its strategic partner, Abu Dhabi Municipality, IMKAN is developing the inner-city community green space in Khalidiya district. The redesign is set to transform the area into a dynamic destination for all ages; while becoming Abu Dhabi’s premier urban park with open-air leisure and entertainment.

In alignment with the Abu Dhabi Economic Vision 2030, which outlines a strategy for reduced reliance on the oil sector as a key source of economic activity over time, IMKAN is focused on strengthening the Emirate’s economic vision and in solidifying its footing as the region’s investment haven. Abu Dhabi is a world-class investment destination, offering a promising value proposition to businesses and investors alike with attractive returns and yields.

The park encompasses an area of 46,000m2, which is inclusive of an adventure zone, and a section devoted to women and children. The project’s timely commencement coincides with regional and global businesses increasingly looking towards Abu Dhabi for stronger investment opportunities.

The Park is strategically located at the corner of Al Bateen Street and Zayed the First Street, offering close to 10,000sqm of leasable space for businesses to provide their unique services in a picturesque setting. Avenues for collaboration and investments are available in commercial, retail and leisure segments. Food & beverage units, offices and clinics are designed with the flexibility to expand and with the option of having terraces surrounded by park vistas and overlooking event plazas, green activity spaces and tranquil open lawns.

By using IMKAN’s unique approach to community building and an emphasis on encouraging active wellness, Sheikha Fatima Park will provide a trendy urban walkable environment catering to co-worker office spaces, sports and wellness facilities, outdoor event concepts and leisure activities. Additionally, the park will be a draw for families and members of a long-standing community who will return to the park to explore the varied new attractions and events hosted there, including pop-up movie screenings, yoga and Pilates’ classes and art fairs to name a few.

Walid El-Hindi, Chief Executive Officer of IMKAN, said: “Sheikha Fatima Park will not only benefit the physical health and wellness of this community, it is also a platform for businesses. We will be considering offers from groups that complement our ethos of creating soulful places that enrich people’s lives. Our research-led approach has enabled us to develop the ideal urban green space that will focus on promoting mental, physical and spiritual health equity, and we want the outlets who operate in Sheikha Fatima Park to promote these values.”

He added, “It is also a great opportunity for start-ups and SMEs seeking flagship market positioning – it’s all part of revitalizing the community with what will be a robust center of activity. We encourage local regional and global businesses to join us on our journey and be a part of this story.”

Construction at site is led by Al Fara’a Engineering, one of the most established groups in the region. The project is also supported by Arcadis; a leading multinational cost and project management consultancy firm, along with Cracknell, the globally renowned landscape design solutions provider. With the aid of these partners, Sheikha Fatima Park is well underway and on track for completion in Q4 2019.

As the market’s research-based place-maker, IMKAN is creating yet another destination with the redevelopment of Sheikha Fatima Park that shall serve as a cornerstone of open-air urban activity in Abu Dhabi offering community engagement for all.

Local, regional and global potential investors can visit www.imkan.ae/sheikha-fatima-park for more information, or reach out to IMKAN team on hello@imkan.ae

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Federal Tax Authority Reports Great Success for Awareness Campaign on Tax Invoice Requirements in Abu Dhabi Markets

  • The campaign is titled ‘Tax Invoices: Your Right and Assurance’ and covers all seven emirates.
  • E. Khalid Al Bustani: The campaign has enjoyed great interaction from retailers and consumers alike.

The Federal Tax Authority (FTA) has reported great interaction from retailers and consumers alike with its campaign to raise awareness about Tax Invoice requirements and urge all registered businesses to issue invoices for all transactions.

Titled “Tax Invoices: Your Right and Assurance”, the campaign was launched on January 28 to shed light on Tax Invoices and the conditions legally required to issue them, in addition to fostering greater cooperation between the Authority, the various Departments of Economic Development, and other relevant authorities and entities across the UAE.

Over the past two weeks, the campaign – organised by the FTA in collaboration with the Department of Economic Development in Abu Dhabi – has covered most commercial areas in Abu Dhabi Markets, Mussafah, Al Ain, and Al Dhafra, and is set to continue throughout the first quarter of 2019 to cover all seven emirates on a weekly basis. The field tours have enjoyed a great deal of interaction from staff at shop, restaurants, and hotels, as well as from consumers across the emirate who reported they had greatly benefitted from the information the campaign offers, which will allow them to fully comply with tax laws, in general, and criteria related to Tax Invoices, in particular.

“We always strive to be fully compliant with the UAE tax system and the awareness campaign on Tax Invoices was extremely beneficial,” said Abhishek Kumar, supervisor at a restaurant on Abu Dhabi’s Al Falah Street. “The main remark the representative from the Federal Tax Authority emphasised was that prices we list on our menus must be inclusive of tax if we want to avoid violations. The information was new and useful to us and we committed to implementing it immediately. As for other Tax Invoice criteria, the FTA representatives assured us our restaurant was fully compliant with legal requirements.”

Saikrishnan, supervisor at a store on Hamdan Street, said: “We have sought to be fully compliant with the tax system since its launch. We contacted the Federal Tax Authority’s call centre and referred to its official website to learn what is required of us, which is why the FTA’s team had no remarks for our establishment today, but they still provided us with important and useful information about Tax Invoices and the tax system in general.”

Meanwhile, Saqr Mohammad Al Zabi, Manager at a restaurant on Khalifa Street, said: “The campaign was very useful for us, providing simplified information and underlining the importance of issuing Tax Invoices in accordance with the legal requirements. This is highly beneficial for businesses as it helps us organise our operations and accounts, clearly outlining incomes and sales, and guaranteeing consumer rights, which makes them more likely to trust our business.”

FTA Director General His Excellency Khalid Ali Al Bustani said asserted that the “Tax Invoices: Your Right and Assurance” campaign has achieved notable success in the past few days, witnessing significant turnout and interaction from retailers and consumers alike.

“The Tax Invoice campaign is being organised in collaboration between the Federal Tax Authority and Departments of Economic Development in all seven emirates, where teams of specialists go on field tours of markets to boost cooperation and coordination between the Authority and its strategic partners in the Government and private sectors, to facilitate implementing the tax system and all tax legislation, and offer top-of-the-line services,” H.E. Al Bustani added. “The FTA experts answer queries from retailers and offer pointers regarding the legal criteria that Tax Invoices must abide by, such as ensuring displayed prices are inclusive of tax. The experts also highlight common mistakes and ways to avoid them.”

“On the other hand, our experts also urge consumers to make sure they request Tax Invoices for all their purchases to guarantee their rights, familiarising them with the many benefits that come with securing Tax Invoices,” H.E. concluded.

The campaign is part of the Authority’s efforts to promote the use of Tax Invoices across all commercial transactions, raise awareness of tax procedures among consumers, and introduce them to their rights and obligations to protect them from any attempts at manipulating the system. Primarily targeting retailers, the campaign seeks to verify that all businesses subject to Value Added Tax (VAT) and Excise Tax are complying with the requirement to display prices that are fully inclusive of taxes to avoid administrative penalties.

The Federal Tax Authority explained that Article (59) of Cabinet Decision No. (52) of 2017 on the Executive Regulations of Federal Decree-Law No. (8) of 2017 on Value Added Tax (VAT) outlined the requirements for a Tax Invoice and the circumstances in which one must be issued. When a taxable supply is made by a business registered with the Authority for VAT, a Tax Invoice must be issued and delivered to the recipient – this is applicable without exception to all supplies subject to VAT at 5%.

The FTA noted that a simplified tax invoice may be issued in two cases only: If the recipient of the goods or services is not registered for VAT; or if the recipient of the goods or services is registered for VAT, but the consideration for the supply does not exceed AED10,000. The Authority affirmed that asking the recipient whether or not they require a tax invoice is not the determinative condition for issuing and delivering the tax invoice, as the issuance of the tax invoice is considered mandatory and not optional.

The Federal Tax Authority stated that according to the Executive Regulations of the Federal Decree-Law on VAT, there are five basic requirements that must be included in the simplified tax invoice: The words “Tax Invoice” must  be clearly displayed on the invoice; the name, address, and Tax Registration Number (TRN) of the registrant making the supply; the date of issuing the tax invoice; a description of the goods or services supplied; and the total consideration and the amount of tax charged.

The FTA noted that there is no requirement for line items to be shown on the simplified tax invoice at a net value, seeing as at the bottom of the invoice, the gross amount payable and the tax amount payable should be displayed in AED.

The Authority cautioned that in contrast, the full tax invoice must include for each good or service the unit price, the quantity and volume supplied, the rate of tax and the amount payable expressed in AED. The FTA also revealed that it accepts that a full tax invoice does not need to include gross amounts inclusive of tax for each line item, as the total gross amount payable and tax amount payable in AED for the invoice shall be stated.

The Federal Tax Authority noted that where a tax invoice is required to be issued and the tax chargeable on the supply is calculated as a fraction of a Fils, the value may be rounded to the nearest Fils (i.e. to 2 decimal places) on a mathematical basis.

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Delta Food Industries to take part in Gulfood 2019

  • The company will launch a new range of high-quality food products at the trade show

Delta Food Industries FZC, the leading manufacturer of high-quality food and beverage products in the UAE, has announced its participation in Gulfood 2019, the world’s largest food and beverages trade show, which will be held during February 17-21 at the Dubai World Trade Centre.

Delta Food Industries, which has been based inside the Sharjah Airport International Free Zone since 2012, will participate in the new edition of Gulfood in order to promote its various food products such as tomato paste, tomato ketchup, evaporated milk, sterilized cream, hot sauce, milk powder, corn-starch, and custard powder.

The ISO 22000 Certified Company has experienced significant growth in terms of production lines, workforce and market share over the past three years, with an annual growth rate of 30 per cent. The company has strengthened its export operations as part of its efforts to expand into global markets, and it has succeeded in opening more channels of trade and commerce in the UK and in the West Africa region by adopting a range of advanced machinery and equipment from Europe, the United States, and India in order to keep up with the rapidly increasing demands.

Sharad Anand, CEO of Delta Food Industries, stated that Delta Food’s commitment to participate in Gulfood annually is due to the mega event’s status as one of the most important specialized global exhibitions. He added that the company aims to promote its products at the exhibition, as well as attract new investors and clients from around the world, and form partnerships that enhance the distribution of the company’s products in foreign markets.

Anand remarked that Delta Food intends to launch a new range of high-quality food products at Gulfood 2019, which includes products such as Mayonnaise and a special tomato paste mix for West African dish consumed by a population of 200 million. The company will use its participation in Gulfood as an opportunity to discover the latest developments and innovations in food processing industry and adopt new ways to enhance cost efficiency, sustainability and supply chain management.

Delta Food will also highlight its new investments in the field of manufacturing and exporting of cans. The company’s tin can manufacturing unit has a capacity to produce 30 million cans per month, and is currently exporting cans to Gulf region and United Kingdom.

Delta Food has more than 500 employees, and its production capacity is equivalent to 600-700 containers per month of high-quality food products. The company expects to see further growth in its business in 2019, as it gears up for the 2020 Expo in Dubai.

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