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Commission agreement. British national - now based in the UK - hoping to establish a sales agent or commission agreement with a local Dubai company distributing IT, Mobile accessories and gadgets to retailers in the region.
Yes, any income must be under the VAT system. But the salaries are not included. 26 May 2022, 05:40. Hi Khaled, I'm questioning whether the commission we pay to our employees, not the salaries, should include VAT. 26 May 2022, 06:03. The commission is included, yes. You receive it as a profit, it is in your invoice. Book a meeting.
To navigate these challenges and explore the best course of action for recovering your commission, I recommend scheduling a consultation to discuss your situation in more detail. During our consultation, we can review the relevant contracts, assess the legal options available to you, and develop a strategy tailored to your specific circumstances.
Submit your request and get multiple competitive offers from qualified lawyers. Protecting the rights of a broker in terms of commission. A commission agreement between broker and seller was drafted and signed by the two parties in Dubai. The agreement states that the seller shall pay the broker a certain amount of commission after the sale ...
In situations like this, where the buyer backs out and agrees to pay the penalty, the terms of your agreement with the seller will primarily govern your eligibility for the 2% commission. Typically, if the sale does not proceed, the commission might be subject to the specific clauses in your contract with the seller.
Q: Brokerage company represented the seller in a property sale. The buyer's brokerage company, which has complete control over the buyer's funds. Our company is entitled to a 40% commission… A: Maintain thorough documentation. Make efforts to contact the buyer. Consider legal action if necessary…
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.
Is it legal if a real estate agent takes his commission share directly from a client? Q: 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.
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. Thank you for the response. The deal was closed through the buyer's agent. According to the sales agreement, 2% commission is payable by the buyer.
Even if you do not receive your salary for 14 months or commission you have to file a Labour case against your employer (to be filed within one year the claim arose). But the moment you ask the client to issue the payment directly to you (WITHOUT written approval from the company granting you the permission to do so) this is a breach of trust ...