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