Need help regarding upcoming VAT will there be any schemes for VAT like cash accounting or accrual accounting?

Communiquez avec les autres et partagez vos connaissances professionnelles

Inscrivez-vous ou connectez-vous pour rejoindre votre communauté professionnelle.

Next Question:
That portion of a firm's total marketable securities portfolio held to take care...
Posted by:
Emad Mohammed said abdalla
29-March-2015

I need to know if the consumer are able to use accruals or cash accounting when submitting there VAT Returns.

Accounting VAT Cost Accounting Cash Management Financial Accounting

Question ajoutée par Habib Ahmed , Director , Ideal Payroll and Bookkeeping LLC
Date de publication: 2017/03/06

Apprécier (0) Vues (7) Suiveurs (2) Réponses (2) Report Question

Ajoutez Une Réponse
Inscrivez-vous ou connectez-vous pour répondre.

2 Réponses

par Rana Ali Raza , Manager Tax , Ernst & Young

Both accrual and cash accounting is allowed under the GCC VAT Framework.

Déprécier Réponses () Rapport

Muhammad Naveed Yar Khan

par Muhammad Naveed Yar Khan , Senior Tax & Treasury Accountant , SAIPEM PORTUGAL COMMERCIO MARITIMO

There are three types of schemes of VAT:

1. Cash Accounting Scheme

2. Flat Rate Scheme

3. Annual Scheme

Déprécier Réponses () Rapport

Recherches Populaires

Offres d'Emploi Vendeur Offres d'Emploi Ingénieur Offres d'Emploi Technicien Offres d'Emploi Comptable Offres d'Emploi Chauffeur

Ecrivez Votre Réponse

More Questions Like This

When doing an "index analysis," we should expect that changes in a number of the firm's current asset and liabilities accounts
Top Answer: ANSWER IS NET SALES <<<<<<<<<<<<<<<< Voir Plus

Réponses (11)
How many Social Media channels do you *Actively* use personally (not as a company or marketer)?
Top Answer: Facebook, Instagram, Linkedin Voir Plus

Réponses (8)
could using the cash accounting method vs the accrual accounting method, get different analysis that affect the decision making ??
Top Answer: <p>Please see this example to clarify </p> <h3>THE COMPANY HAS SALES OF $1000001 YACHAT ... Voir Plus

Réponses (6)
What's the difference between Accrual accounting AND Cash accounting? Which one is used more by firms?
Top Answer: The basic difference comes n timing. Accrual accounting books the expenses and revenues for a period wher ... Voir Plus

Réponses (1)

Avez-vous besoin d'aide pour créer un CV ayant les mots-clés recherchés par les employeurs?

Obtenir de l'aide