Taxes (UAE)

Your business’ financials are affected by regulatory taxes and each organization has different country specific taxes to adhere to. You can edit or add taxes through the Settings page.

Tax Settings

To enable the VAT settings for your organisation in Zoho Spend:

Go to Settings on the left sidebar.
(OR)
Click Settings in the top right corner of the page.
Click Taxes under Taxes & Compliance.
In the Taxes pane, click Tax Settings.
Check the Is your business registered for VAT? option.
Enter the Tax Registration Number.
If your business involves international trade (importing outside GCC), check the Enable trade with contacts outside United Arab Emirates option.
Select the VAT Registered On date.
Click Save.

After you set up your tax information, the different tax rates that will be auto-populated while creating transactions are:

Standard Rate [5%]: VAT of 5% can be applied on transactions created in Zoho Spend. Most of the transactions that occur in the UAE fall under this tax rate.

Zero Rate [0%]: VAT of 0% can be applied on transactions created in Zoho Spend.

Exempt: If any of the items are exempted from VAT, you can select them as exempted from VAT while creating transactions. You don’t need to create a new tax for such transactions.

Out of Scope: If the supply of any of your items does not fall under the scope of VAT, then you can select this option while creating transactions for them.

Add Tax Rate

After enabling Taxes, the default tax rates, Zero rate (0%) and Standard Rate (5%), will be available. You can also create additional tax rates as per your business requirements. Here’s how:

Go to Settings on the left sidebar.
(OR)
Click Settings in the top right corner of the page.
Click Taxes under Taxes & Compliance.
In the Taxes pane, click Tax Rates.
Click + New Tax on the top right corner of the page.
Fill in the Tax Name and Rate (%) in the New Tax page.
Click Save.

View Records Associated With a Tax Rate

To view records associated with a tax rate:

Go to Settings on the left sidebar.
(OR)
Click Settings in the top right corner of the page.
Click Taxes under Taxes & Compliance.
In the Taxes pane, click Tax Rates.
Hover over the tax rate whose associated records you wish to view, and click the Dropdown icon.
Click View Associated Records.

You can now view all the records associated with the selected tax rate.

Edit Tax Rate

To edit the tax rate:

Go to Settings on the left sidebar.
(OR)
Click Settings in the top right corner of the page.
Click Taxes under Taxes & Compliance.
In the Taxes pane, click Tax Rates.
Hover over the tax rate you wish to edit and click the Dropdown icon.
Click Edit.
Make the desired changes in the pop-up that appears.
Click Save.

Delete Tax Rate

To delete an existing tax rate:

Go to Settings on the left sidebar.
(OR)
Click Settings in the top right corner of the page.
Click Taxes under Taxes & Compliance.
In the Taxes pane, click Tax Rates.
Hover over the tax rate you wish to delete and click the dropdown icon.
Click Delete.
Confirm the action by clicking OK in the screen that follows to delete a tax rate.

Mark an Active Tax Rate as Inactive

Note: System generated tax rates cannot be marked as inactive.

To mark a tax rate as inactive:

Go to Settings on the left sidebar.
(OR)
Click Settings in the top right corner of the page.
Click Taxes under Taxes & Compliance.
In the Taxes pane, click Tax Rates.
Hover over the tax rate you wish to mark as inactive and click the dropdown icon.
Click Mark as Inactive. The selected tax rate will now be inactive.

Mark an Inactive Tax Rate as Active