OUTPUT
INPUT
OUTPUT
INPUT
OUTPUT
INPUT
Sales Invoice
All Purchase Bills Including Tax Not Paid
All Expense Bills Including Tax Not Paid
Petty Cash Expenses
Debit / Credit Notes
Stock Management if any (Each tax closing period)
Bank Statements
Cash Book if any
OUTPUT
INPUT
Sales Invoice
All Purchase Bills Including Tax Not Paid
All Expense Bills Including Tax Not Paid
Petty Cash Expenses
Debit / Credit Notes
Stock Management if any (Each tax closing period)
Bank Statements
Cash Book if any
Details of Future Expense
Yes, tourists are a significant source of revenue for the UAE and will pay VAT at the point of sale. Nevertheless, we have set the VAT rate deliberately low so that VAT is a limited burden on all consumers.
Businesses will be responsible for carefully documenting their business income and costs and associated VAT charges. Registered businesses and traders will charge VAT to all of their customers at the prevailing rate and incur VAT on goods/ services that they buy from suppliers. The difference between these sums is reclaimed or paid to the government