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- Exclude from Revenue: To not include the output VAT amounts in revenue
- Include in Revenue: To include the output VAT amounts in revenue
If the VAT Accounting by Emirates check Emirate check box is selected, you will need to specify the default emirate for each entity of your company, for each customer and supplier. After that, when entering sales and purchase documents, you will need to specify the emirates associated with each transaction. The data in reports will also be arranged by emirate.
If your company needs to include tax-exempt and standard-rated supplies in the same documents, select the Advanced VAT Calculation check box. For more information on available options, refer to General Settings.
2. Types of taxes
Where: Taxes > See Also > Tax Types
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For more information, see Companies.
6. VAT Settings for Items and Services
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