Hai sir, In the transitional provisions timing shows (9.32 minitues)its showing that 80%work completion is only taxed what is the status of 20%work completion? It will be taxable in month of January 2018 right?
Sir, our registeration was rejected due to sales were not sufficient. So that now we are not register again but they sent me a mail to produce sufficient documents with in 5 working days.. how could we deal it...
Dear My Memories, If they have asked you to resubmit the application due to sales not sufficient, you can submit the application again with relevant financial proof (LPO’s/Invoices/Contracts) stating that your turnover is more than 187,500/- AED.
Hello Sir, we already ready received the Payment Certificate 2 3 and 4 as well the payments in 2018 and we need to issue the tax invoice against those PC payments . My question is the VAT amount they reflect on their PC will no longer be the same coz they deducted the cash advance we received in 2017.. is that ok? we only need to focus the 5% VAT out of what we received? Project is not yet done...pls advise. thanks.
Dear Muhammad, if you have 2 TRNs you should use both of them if you have supplies. You will not be able to use one company TRN for the other company to claim your Input Tax.
if a Designated Zone company receive advance payment for supply of goods, do the designated Zone company need to issue Tax Invoice to the customer with 5% VAT for advance payment.
@@claemirates if the designated zone supplied the goods to the mainland in the UAE then there will be tax collection of 5% right? Then how we can say that no need of tax invoice?
Sir...how we can account if we received lpo and 50% payment received in Dec 17...we will deliver the material in the march 18...how we can make the entry....
Dear Sir, please note below: Refer Article 70 (2) - Executive Regulation to Federal Law No. 8 Since your sale is getting completed on 2018 the payment received in December 2017 will be subject to VAT as on 1st January 2018. Tax Invoice for VAT charged additionally needs to be issued. Please note we conduct VAT Return Filing Workshop on 28th March 2018. For more details contact Ms. Suravi @ +971-588987737.
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Sir please explain the deemed supply
Hai sir,
In the transitional provisions timing shows (9.32 minitues)its showing that 80%work completion is only taxed what is the status of 20%work completion?
It will be taxable in month of January 2018 right?
Sir, our registeration was rejected due to sales were not sufficient. So that now we are not register again but they sent me a mail to produce sufficient documents with in 5 working days.. how could we deal it...
Dear My Memories,
If they have asked you to resubmit the application due to sales not sufficient, you can submit the application again with relevant financial proof (LPO’s/Invoices/Contracts) stating that your turnover is more than 187,500/- AED.
Excellent presentation ！ Very informative
Hello Sir, we already ready received the Payment Certificate 2 3 and 4 as well the payments in 2018 and we need to issue the tax invoice against those PC payments . My question is the VAT amount they reflect on their PC will no longer be the same coz they deducted the cash advance we received in 2017.. is that ok? we only need to focus the 5% VAT out of what we received? Project is not yet done...pls advise. thanks.
sir .if two companies have one owner but trn is different .if the one company trn is used on the place other company .how we can claim
Dear Muhammad, if you have 2 TRNs you should use both of them if you have supplies. You will not be able to use one company TRN for the other company to claim your Input Tax.
@@claemirates ok thanks
Sir How to treat intra group transactions For VAT? Plz advice
If the intra group companies are registered as a tax group, then the intra company transactions are out of scope of UAE VAT.
Sir, if we get pur. invoice dt jan 18 in month jan 2019 we can claim vat in return file. We paid advance to supply but invoice received late.
Dear @faded_boy as per the provisions of the law you can only claim input tax in the subsequent tax period.
if a Designated Zone company receive advance payment for supply of goods, do the designated Zone company need to issue Tax Invoice to the customer with 5% VAT for advance payment.
The company in the Designated Zone need not issue a tax invoice.
Thank you
@@claemirates if the designated zone supplied the goods to the mainland in the UAE then there will be tax collection of 5% right?
Then how we can say that no need of tax invoice?
Sir...how we can account if we received lpo and 50% payment received in Dec 17...we will deliver the material in the march 18...how we can make the entry....
Dear Sir, please note below:
Refer Article 70 (2) - Executive Regulation to Federal Law No. 8
Since your sale is getting completed on 2018 the payment received in December 2017 will be subject to VAT as on 1st January 2018. Tax Invoice for VAT charged additionally needs to be issued.
Please note we conduct VAT Return Filing Workshop on 28th March 2018. For more details contact Ms. Suravi @ +971-588987737.