Export from Dezignated Zone..

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If we export goods from Designated Zone and in invoice if we include clearing charges, freight and any other small expense incurred to make that export, should these expenses charged be considered as cost of goods or as separate supply of service?

05 Sep 2018 10:18:47 AM 0 Answer

Input vat claim period

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For example if we did a purchase or incur an expense in on period but received the tax invoice from supplier later in different period, is it ok to claim vat in a period different than invoice date. Can we claim input vat based on processing of invoices in system rather than invoice date period. For example in feb we incur an expense but receive invoice in April from supplier dated feb. We booked invoice in system in April and claimed vat in April return. Is it ok?

25 Jun 2018 10:54:20 AM 1 Answer

Export of Goods from Designated Zone

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If we export goods from Designated Zone and in invoice if we include clearing charges, freight and any other small expense incurred to make that export, should these expenses charged be considered as cost of goods or as separate supply of service?

30 May 2018 02:25:01 PM 0 Answer

Input Tax Claim on Less than 10,000 Bills

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We are getting the bills of less than 10,000 without our company name/ TRN. But the expense is our business purpose. Since less than AED. 10,000 transactions a simplified invoice can be issued without TRN number, can we claim this input Tax?

26 May 2018 04:48:33 AM 1 Answer

Exchange rate

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Central Bank uae published exchange rates to be used for translation in May 18. What about invoices raised and VAT return submitted before that? Will we need to revise those also? or can we use UAE central bank rates May onwards?

24 May 2018 09:13:56 AM 0 Answer

Exports of goods

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If we export goods and in the invoice, along with goods price, if we include freight, clearing charges and any other small expenses incurred to exports these goods, will those charges be considered part of goods or as separate services??

24 May 2018 09:11:37 AM 0 Answer

Free Zone Company

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A Free Zone Company not having any employees, has only one person who is the owner and manager of the Company. His Visa reflects the profession as an Investor. He is drawing salary from the company for CY 2017 in April 2018. Salary payable was not reflected in the financials of CY 2017. Are there any VAT implications of this transaction. If he were to draw salary for CY 2018, are there any VAT implications? Please quote the relevant legal provisions, if possible.

10 May 2018 09:49:42 AM 1 Answer

Dezignated Zone and mainland company as a group

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If a Dezignated zone company and Mainland Company are registered under a group, the transactions between the two should still be accounted under RCM (as goods are imported into mainland when DZ sells to mainland) or ignored for VAT purposes??

09 May 2018 12:17:26 PM 1 Answer
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