UAE Regional Fields
Fields added to the Standard DocTypes to help regional compliances.
1. Item Master
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Is Zero Rated: Tick this checkbox for items that are Zero Rated.
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Is Exempt: Tick this checkbox for items that are tax exempted.
2. Sales Invoice
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VAT Emirate: Select the Emirate of Place of Supply.
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Refund Provided to Tourists: Enter the Tax Amount that was refunded to tourists.
3. Purchase Invoice
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Recoverable Standard Rated Expense: Enter the Tax Amount that can be recovered.
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Reverse Charge Applicable: Choose 'Y' if Reverse Charge is applicable. Taxes would be made zero and a reverse GL Entry will be created.
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Recoverable Reverse Charge (Percentage): Enter the percentage for which the Tax Paid under Reverse Charge is recoverable.