UAE Regional Fields

UAE Regional Fields

Fields added to the Standard DocTypes to help regional compliances.

1. Item Master

1. Is Zero Rated: Choose this option if the item is Zero Rated.
2. Is Exempt: Check this box to indicate whether an item is exempt from taxes.

2. Sales Invoice

1. VAT Emirate: Choose the Emirate where the supply was made.
2. Tourist Tax Refund Amount: Input the amount of the tourist tax refund.

3. Purchase Invoice

1. Recoverable Standard 1 Insert the amount of recoverable taxes under Rated Expenditure.

2. If reverse charge is applicable, select "Y" in the second field. A reverse GL Entry will be produced, and taxes will be set to zero.

3. Recoverable Reverse Charge (Percentage): Indicate the proportion of the Tax Paid Under Reverse Charge for which a refund is possible.