Emirates Wise Sales Reporting in Return
Goods sold in Emirates of Dubai to a centrally located customer having branches across the UAE (example Lulu). The sellers also have branches in the UAE as well. The customers internally shifts goods to the respective branches and inform the Sales team of the seller and provide the amount of transfer and seller also adjust its sales in the its system in the relevant emirates as well. Currently there is no any VAT adjustment in subsequent returns of seller like transfer between emirates and Sales in VAT Return remains the same where initially goods sold in Dubai to the customer.
There should be any subsequent VAT impact on such transfers based on the customer's information?
Replies
Normally there should not be an effect on the sellers reporting Emirate based on the ultimate sale made by the customer to end users. Situation may differ if the goods are sold by the seller to the customer of consignment basis since the date of supply gets triggered at a later date.
1 Like
Sir, I have Question- If In FTA Suppose in year 2018 Old owner filling Zero amount & 2019 the owner will Change So If in Future New owner go for Deregistration So he will get Penalty for filling four times zero?
1 Like
Regarding Emirates wise reporting, for the companies in Real estate do they need to report emirates wise?? since the law is saying that place of supply for the real estate is the place where real estate is located. please do clarify
1 LikeReply :
Login to reply. click here
