As per your video, my understanding is we are actually not paid any prepaid or postpaid VAT on Import of Goods. Just what amount is generate in column no. 6, we reverse it in column no. 10
Hi Mr. Manu, Your slow and steady explanation is helping a lot to grasp. Trust even after 3 years you are able to see the comments, Having a question. Assume i am an importer of vehicles and sells to over seas customers, during selling i am merely maintaining the vehicles for their shine and small maintenance for their health. apart that i am not altering them for Engine or anything. Hope i can go for Zero Rate. Kindly advise.
Thank you sir. This is so informative. I would like to know if a company do only cross trading. no trading done in UAE. Do the Company need to register for VAT or no need to register?
Hi Mr. Manu thanks for your vedios. Kindly make one vedio on intra GCC VAT business transactions for suppliers ( traders) and VAT form filling. Since oman also started VAT you r vedio may help us. Your early support may help us. Thank you
@Emirates Chartered Accountants Group I wanted to ask why there is a voluntary disclosure when the tax payable is only 6AED? here is the notification : 3. If the error in the Tax Return resulted in calculating the Payable Tax with less than required by not more than 10,000 Dirhams, the Taxable Person must correct the error in the Tax Return for the Tax Period in which the error was discovered, if he is obligated to file a Tax Return for that Tax Period. Appreciate your enlightenment.
Hi, if the error is less than AED 10,000 then no need to file the voluntary disclosure. In your case you don't have to file the VD, just correct it in the VAT return when you found it.
GIAN REKHA Hello am Joseph Ali from UAE. We export Used clean card to different Countries. We need a Sales Partner from all part of the World who has a trading experience to work with us a our representative in His or Her Country. First we ship some cars he sell and if we could gain his trust and we see how fast he is on sale we would give visit his country and open an office for him as our Employee where he will manage and employee people to work under him. If you are interested please drop your Name, Age, Address and phone to Joseph11011@yahoo.com . Thanks
what if the tax paid in advance for the imported goods. For example due to some reasons customs system can't be linked to your FTA and you had to pay TAX cash in advance. In this case how to get the Tax return. Which column should be filed.
Thank you for the informative video. Do the Auto populated amount in box 6 (import VAT through customs) and the amount enter in box10 (supplies subject to reverse charge) should match exactly in both columns (amount and VAT)? What are supporting documents required for box number 6 and 10. We have not claimed the same amount in box10 due to lack of documents. Thank you
What will be the vat implication on exports of goods from UAE to KSA? Whether it will be considered as zero rated supply or will it be taxable at standard rate?
How about advertising services. Scenario, we have a client from Dubai but we are in KSA. Newspapers ads take place in KSA. Do we need to charge him VAT 5%? Since the place of supply is KSA and used and enjoyed in KSA. I think VAT rule in Emirates and KSA are same. Please advise. Thanks.
If the client does not have a fixed establishment in KSA then zero-rate the service and they should reverse charge it in UAE. for more information contact us via www.vat-centric.com
Dear sir. I need your for the doubt pls clarify. Our company is in free zone production is job work, buyer is in main land almost material providing buyer but some material provided bymanufacturer for that charging price. My question is have charge vat on material provided by manufacturer?
If website or a cloud based software developed for a company in Saudi Arabia, by a company based in UAE FreeZone, VAT is appicable ? In this case there is NO physical installation
Can we calim VAT on imports e.g 373393 is total expenses and Vat is 18669 and imports is 216934 VAT is 10846.7 Now how much vat is recoverableis 29515.8 or only 18669 which is on expenses only. Plz Guide i have filled vat return for the first time there were no sales only expense and imports and when we importantly when we imported we were not registered to VAT. So what i was told by manager that put the 10846.7 in adjustment column 9. by doing so total value of recoverable tax was 40363 and tax for the period was 10846 and payable tax became -29515.8. If 10846 is not recoverable then 18669 is the only tax recoverable. this is the whole scenrio . from your video it seems that tax on imports is only written in box 6 and 9 but it is not recoverable. here question arises that if we make sales there we will collect output tax e.g 15000 and we have already paid 10846 now will we pay to gov only 4154? if yes where we will do the entry on return. Thank you plz need urgent reply @@Emiratescagroup
Dear Sir, We have cleared the tax on import using our TRN in the FTA 301 on import declaration, the shipment or goods was cleared and received by us. My question is, does FTA defer payment as well? I have used CC to pay in the FTA and showing as completed transaction but upon checking CC statement there is no record of tax amount paid. Does FTA defer payment in the portal and pay only at the time of VAT filing? thanks in advance
Sir , your videos are very useful . we are dealing diesel sales in uae local market , we are selling in 2 types vat 5 % and declaration .our dought is while filing return declaration sale is need to mention or no in the zero rated colum.
md wais ansari Hello am Joseph Ali from UAE. We export Used clean card to different Countries. We need a Sales Partner from all part of the World who has a trading experience to work with us a our representative in His or Her Country. First we ship some cars he sell and if we could gain his trust and we see how fast he is on sale we would give visit his country and open an office for him as our Employee where he will manage and employee people to work under him. If you are interested please drop your Name, Age, Address and phone to Joseph11011@yahoo.com . Thanks
Hi Sir, Thank you verymuch for your valueable classes, All your classes are highly appreciated , As you told Cross border sales are out ofscope Sales, Which sales where have to be disclosed in VAT 201 ?
Dear Faisal, thank you for your appreciation please note all taxable sales has to be disclosed in VAT 201 i.e., zero rated supplies and standard rated supplies.
Faisal. P.K .. hi .. did you manage to figure out if out of scope sales to be mentioned or not.? Pls let me know. I am also stuck in the same confusion.
Outside the scope supplies do not need to be reported. However, there will be separate reporting requirements for outside the scope supplies relating to other GCC member states.
Dear sir really appreciated, sir what ever is in column no 6 " imported goods into uae" is taken in column no 10 while explaining u said if company is eligible they can take amount of column no 6 in column no 10, can u plz tell how to decide whether company is eligible or what is the criteria for a company to get eligible plz ans sir
The taxable person needs to see what the import of good or services relates to in terms of its own business's activities. If related to a taxable supply or an overhead (residual)- it is normally recoverable.
Sameer Udma Hello am Joseph Ali from UAE. We export Used clean card to different Countries. We need a Sales Partner from all part of the World who has a trading experience to work with us a our representative in His or Her Country. First we ship some cars he sell and if we could gain his trust and we see how fast he is on sale we would give visit his country and open an office for him as our Employee where he will manage and employee people to work under him. If you are interested please drop your Name, Age, Address and phone to Joseph11011@yahoo.com . Thanks
hai sir, for exmpl we import for 50000 aed as we paid 2500 tax , it automatically enter at coloum number 6 so to claim this first we need to enter as -50000 and -2500 in column no 7 and again at colum no 9 as purchase , i hope u got my point , pls make clear thank you sir
Hi So at the time of import, if we have the VAT Registration we dont need to pay vat and at the time of return filing. Right? Only we need to disclose the import value in 201.
salam. we are a company located in UAE.. and goods seeling to oman. we will raise a VAT invoice or is the invoice going to be Zero-rated. and how to treatment transaction entry in vat201. plz
Hi @salman nursery, you can either raise a Tax Invoice or a commercial invoice since the supply is zero rated provided you should maintain sufficient export document to support the export
Sir. Have to show out of scope sale on vat return if yes where to show, in zero rated supply? If not, there is no other out put vat only input vat that can be claim in return?
Dear Sir, please note there is no need to disclose Out of Scope Sales in the VAT Return Form 201. You can also claim Input VAT incurred for your business.
Sir, we are a company in Dubai mainland. we have supplied goods to Africa. But the goods are moved from our supplier's logistic partner to our customer's logistic partner, both of them are inside Jebel Ali. Is this sale taxable? or Do we have to show this as zero rated supply.
The sale will be Outside the scope of VAT, since it is has not entered UAE mainland. There are some documentation which you have to keep to suffice this transaction.
Yes, we scheduled VAT Workshops on a regular basis and it is open to all. For schedules you can follow us in Facebook / LinkedIn / Twitter (Emirates Chartered Accountants Group)
Dear Sir, we made payment use credit card and declaration number for import VAT at the same time of import, but the all amount still showing as a liability under our TRN Number, How can i adjust the amount when i returning the VAT ?
The liability relating to the import should show as removed if it was paid for successfully. Did you receive your goods?. For more info you can contact info@vat-centric.com
If goods are gone from China to UK (outside scope for uae vat), in this case if Invoice is being issued by the UAE company so how the invoice should be issued...... will it be a tax invoice or only invoice And how vat will be shown in the invoice... And is there any rules for payment collection in UAE against the same supply
if the goods are not coming in mainland(UAE), then it is out of scope of vat. No need to charge VAT on the invoice. Also it will not be shown in our VAT return. Pro forma invoice can be issued to the buyer
Sir, ur video is really helpful. In case of Imports if the Customs Valuations are different then the values mentioned on supplier's invoice and the same values are auto populated in Form 201 under column 6 then how to book these imports under Reverse Charge Mechanism.
Hi i have a quick question. we had client from UK and our company was providing them accommodation in a hotel. now bill from hotel can we claim vat on it or not?
Dear Mustafa, Please note you have to register for VAT inorder to file your VAT Return. Once you register for VAT and get your Tax Registration Number, VAT Return Filing is an online process. For VAT Registration & other VAT Support please reach Ms. Suravi +971 4 2500290
HI sir, if we are running a business in UAE (Distributor in UAE) billing from UAE, exporting goods from other country to india, please advice on this case sir.
Hi Sir, in July we are file VAT return. in July we have transaction for import. but our Tax consultant file return with this July Transaction. but this Transaction put in Adjustment Column. now same transaction shown in import column. Question is What We will do with this transaction. and what we will do with adjustment... please reply me sir .
Dear Majeed Abdul, please note - yes, in case of VAT paid and cleared in to mainland please treat it as a standard rated expense and claim input VAT in cloumn number 9 of VAT 201.
@@Emiratescagroup hai sir, for exmpl we import for 50000 aed as we paid 2500 tax , it automatically enter at coloum number 6 so to claim this first we need to enter as -50000 and -2500 in column no 7 and again at colum no 9 as purchase , i hope u got my point , pls make clear thank you sir
The reverse relates to the self-charging of VAT on the import. To "claim back" the corresponding amount should only be included in box 10 if it is recoverable input VAT per the VAT rules.
Dear Sameer, the process is similar to registering any company whether it is an import / export company or not. You have to give Mirasal 2 in customs number.
Dear sir , i have a construction company al najeeb concrete carpenter cont work as a sub contractor with main or big companies ahmadia contractingLLC located in dubai .so we recieved the payment aed with tax and our trade licence of sharjah what should be mention in column 1 .sharjah or dubai .
According to place of provision rules, Place of Supply for constructing the building will be 'place where the building is situated' for which services have been performed. But as far as VAT is concerned, if your office is located in Dubai then the amount should come in column 2, if it is in Sharjah thenn it should be in column 3
If the goods and not entering in UAE. For eg: Imported goods from KSA or Italy, and kept the goods in UAE port, after that exporting to some other countries. In this case how we can treat VAT. And also is the veterinary medicines are exempted ?
Dear Sir, if the goods are not crossing the UAE customs, it is an out of scope transaction. Medicines are not exempted, they are zero rated if they are approved by Ministry of Health.
1. how to reimburse export vat tax amount? a. we have to mention 0% vat on our sales invoice b. we have to mention 5% vat on our sales invoice, later we will use Vat form 201 and reimburse from Reverse Charge.
Dear Abdul, please note that all exports are zero rated. Further, there is no RCM for exports. Kindly disclose the export sales amount while filing VAT form 201 in Box No. 4.
Dear Rahul, as per UAE VAT law you require both official and commercial evidence. As per the FTA guidelines exit certificate is also required to prove the export of goods and to treat the supply as zero rated.
Hi Sir our Finance manager putting pressure on me to arrange exit/entry certificate for each and every export and keep in our file in addition to ED and transport doc. Can you give me the rule number for not keeping exit entry certificate in addition to the above.
@@ahmedkutty4164 Hi, according to the recent FTA guidelines you have to obtain exit certificate which is the document issued by respective customs authority to prove the export of goods.
We are buying goods from One company which is located in UAE. At the time of purchase we are not paying VAT. And we exporting goods to other countries like african countries. There no out put and input vat. So we need to register for VAT? If we need to register, what is the process
Dear Sameer, since you are having export of goods it is also a taxable supply and if such supply exceeds the VAT Registration threshold of AED 375,000/- per annum then you have to get registered. For registration support please get in touch with Ms. Bhavika @ +971 - 557426399.
In my knowledge no vat on visa. But vat is applicable on your service fee. Zero rating international transportation of passengers and goods (Article 33) is not applicable to you. I think, even though related services are also included in this article which is applicable only for international transportation of goods only.
@@Emiratescagroup Deepika chawla please use near expire goods instead of expired goods. UAE will take strict action against expired goods further usage. Any way if you manufacturer and returned expired goods by customer such vat should can be deduct from your current vat payable. The cost of goods become loss. if you are retailer , then you paid the vat to supplier will automatically deduct from your vat payable.
Hi Sir, thanks for the video on this topic. Can you please guide me on zero-rated import of service? As per UAE VAT law, "Services received from foreign suppliers which are subject to the zero rates of VAT" should be reported in row 3 and RCM output tax is payable on such supply. On zero-rated supplies, is the recipient required to pay tax? Source: tax.gov.ae/DataFolder/Files/Pdf/VAT%20Returns%20User%20GuideEnglishV40%2015%2008%202021%20SEP2021.pdf
