VAT & Tax Management

Configure VAT rates, track input and output VAT across transactions, and generate VAT reports formatted for UAE Federal Tax Authority (FTA) compliance.

Steps

1. Go to Financial → Tax in the sidebar.
2. Configure VAT rates — set up standard rate (5%), zero-rated, and exempt categories.
3. Track VAT on transactions — input VAT (on purchases) and output VAT (on sales) are recorded automatically when VAT-applicable accounts are used in journal entries.
4. Generate VAT reports — select a period to view a summary of input VAT, output VAT, and net VAT payable or refundable.

Tips

• UAE standard VAT rate is 5%.
• Input VAT is what you pay on purchases; output VAT is what you collect on sales.
• Net VAT = Output VAT minus Input VAT. A positive amount is payable to FTA; a negative amount is refundable.
• Review VAT reports before each filing deadline to catch any discrepancies.
• Use the FTA Export feature to generate the submission-ready file.