VAT Report in UAE

 This most requirement for business owners in UAE is VAT report. Because VAT is new rules in economic organization of UAE. 

The implementation of VAT rules in the economic organization of UAE has made it mandatory to calculate 5% of sales amounts accurately

In simple view, it is enough to calculate 5% of sales amounts. but it is not as simple as it seem!

A slight mistake to calculate VAT amount or presenting the report in a wrong format, can lead to a penalty of up to 20,000 AED from the economic department.

Example VAT report by iGreen accounting software

Vat report for UAE by iGreen accounting software



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