What is the liability of VAT in UAE?

The obligation of VAT is the distinction between the yield impose payable (VAT charged on provisions of merchandise and ventures) for a given expense period and the info assess (VAT acquired on buys) recoverable for a similar duty period. Where the yield assess surpasses the info impose sum, the distinction must be paid to FTA. Where the information assess surpasses the yield charge, an assessable individual will have the abundance input impose recouped; he will be qualified for set this off against resulting installment because of FTA.

Faqs | 👁 1397 | Posted October 21, 2018 | Share on Facebook | Twitter | Google+

| Modified: October 21, 2018 | Author: