UAE VAT Support and Reporting

Awery support the VAT processing as per UAE Federal Tax Authority requirements.

Setup of VAT shall be done as per Tax setup process:

https://help.awery.com/manual/awery-erp/accounting-and-finance/accounting-settings/tax-settings

VAT Components shall have the TAX code set up (Max 2 Characters):

Sales Invoices and Credit Notes:

VAT type%Tax CodeDescription
Standard Rated5

SR

Local supply of goods and services

Supplies subject to reverse charge

5RC

Import of goods and services by registered recipient

Zero rated

0ZR

Supplies involving goods for export or provision of exported services

Exempt

NAEX

Specific categories of supply are exempt from VAT.

Intra GCC

NAIG

Supplies of goods and services to registered customers in other GCC implementing states

Amendments to output tax

NAOA

Any amendments or corrections due to Output tax errors from a previous VAT return and where the tax amount of correction is not more than 10,000 AED.


Purchase Invoices and Debit Notes:

VAT type%Tax CodeDescription
Standard Rated5

SR

Purchases from VAT registered suppliers that are subject to VAT at 5%

Supplies subject to reverse charge

5RC

Import of goods and services by registered recipient

Zero rated

0ZR

Supplies involving goods for import or provision of imported services

Amendments to output tax

NAIA

Any amendments or corrections due to Input tax errors from a previous VAT return and where the tax amount of correction is not more than 10,000 AED.


Two global settings parameters shall be set for the reports to work:

https://help.awery.com/manual/awery-erp/system-settings/global-configuration-settings

receivable_accountsComma separated list of Receivable Accounts from Chart of Accounts

payable_accountsComma separated list of Payable Accounts from Chart of Accounts

TaxCodeNoSelection - Global to link all transaction with no TAX selection to the Zero rated TAX in reports

Sample:

VAT Reports:

VAT Detailed

Can be converted to Required Currency, if not selected Default company currency will be used.


  • Tax will be segregated by TAX code as separate TAB in Excel File.
  • Sorting is done based on the job type and job Date. 

Fields:

DateDoc noRef noJob idJob typeJob subtypeNameCountryStateDesriptionRateSale ValuePurchase ValueTax CollectedTax PaidOriginal CurrencyOriginal ValueOriginal Tax

VAT Return

Menu - Accounting Reports - FTA VAT Return File

Selected company and dates will filter the report results


FTA VAT Audit File (FAF)

Menu - Accounting Reports - FTA VAT Return File

Selected company and dates will filter the report results