Calculations in foreign currency are often used by companies across the UAE. This article describes how to calculate correct VAT for such operations.
Let us consider the following situations:
1. Full post-payment
2. Full prepayment
3. Partial prepayment: case 1
4. Partial prepayment: case 2
You may use other exchange rates on deals with suppliers and customers!
Video guide how to complete VAT return in UAE
Designated zone? Free zone
Tax Invoices are central to the VAT regime in UAE. VAT-registered businesses must issue correct Tax invoices. What Should be Included in Tax Invoice
How to register for VAT? What are the supporting documents/details required to register under the VAT.
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