Books

Date of Supply - UAE


Date of Supply - UAE

What is the date of supply under VAT?
The date of supply for a transaction is the date on which taxes are levied on the goods and services.

When is output VAT levied on goods?
If the goods are transported, the basic tax date for the supply is the date the goods are removed. If the goods are not transported, the date of supply is when the goods are made available for the customer’s use. If the supply involves assembly or installation, the date of supply is the date when the goods are assembled or installed.

When is output VAT levied on services?
The basic tax date for the supply of services is the date on which the services are performed or completed.

In general, tax will be levied on the earliest of the following dates:

If the goods or services are supplied continuously, the tax will be levied on the earliest of the following dates:



       
Thank you for your feedback!

Get your business VAT ready with Zoho Books.