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 Code |
Description |
|---|---|---|---|
|
Standard Rated |
5 |
SR |
Local supply of goods and services |
|
Supplies subject to reverse charge |
5 |
RC |
Import of goods and services by registered recipient |
|
Zero rated |
0 |
ZR |
Supplies involving goods for export or provision of exported services |
|
Exempt |
NA |
EX |
Specific categories of supply are exempt from VAT. |
|
Intra GCC |
NA |
IG |
Supplies of goods and services to registered customers in other GCC implementing states |
|
Amendments to output tax |
NA |
OA |
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 Code |
Description |
|---|---|---|---|
|
Standard Rated |
5 |
SR |
Purchases from VAT registered suppliers that are subject to VAT at 5% |
|
Supplies subject to reverse charge |
5 |
RC |
Import of goods and services by registered recipient |
|
Zero rated |
0 |
ZR |
Supplies involving goods for import or provision of imported services |
|
Amendments to output tax |
NA |
IA |
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_accounts - Comma separated list of Receivable Accounts from Chart of Accounts
payable_accounts - Comma 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:
|
Date |
Doc no |
Ref no |
Job id |
Job type |
Job subtype |
Name |
Country |
State |
Desription |
Rate |
Sale Value |
Purchase Value |
Tax Collected |
Tax Paid |
Original Currency |
Original Value |
Original 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
