fbpx
Documents for VAT purpose

Documents for VAT purpose

What documents are required to be maintained for VAT purpose? A Taxable Person shall keep and retain accounting books and records for Tax purposes, including all of the following: Accounting books related to the Taxable Person’s work (all of the transactions according...
Input VAT on advance paid

Input VAT on advance paid

Accepting of the advance payment is common practice in business. A large group of business group purely work on advance receipts only. After the introduction of Decree-LAw in UAE, VAT on advance payment received will become payable Where will supplier show VAT on...

Pin It on Pinterest