UAE Regional Fields

Fields added to the Standard DocTypes to help regional compliances.

1. Item Master

1. Is Zero Rated : Tick this checkbox for items that are Zero Rated.
2. Is Exempt : Tick this checkbox for items that are tax exempted.

2. Sales Invoice

1. VAT Emirate : Select the Emirate of Place of Supply.
2. Refund Provided to Tourists : Enter the Tax Amount that was refunded to tourists.

3. Purchase Invoice

1. Recoverable Standard Rated Expense : Enter the Tax Amount that can be recovered.
2. Reverse Charge Applicable : Choose 'Y' if Reverse Charge is applicable. Taxes would be made zero and a reverse GL Entry will be created.
3. Recoverable Reverse Charge (Percentage) : Enter the percentage for which the Tax Paid under Reverse Charge is recoverable.