For any business and shop in United Arab Emirates, a valid and legal vat report is a very important challenge to avoid VAT penalties of DED. in Dubai, any sales invoice will charges with 5% tax. but this tax is free for tourists and refundable in airport at departure time. so it is a must for tourists to keep their invoices to get back paid tax in airport.
VAT rules and laws in United Arab Emirates
Any business in United Arab Emirates and Dubai to prepare VAT return declaration, must follow rules of Federal Tax Authority in Dubai (FTA).
VAT Reports
To prepare vat return, it is needs to declare 5% of all invoices in a single form, but doing in by hands takes long times and possible with mistakes. by vat software it is better and in a fast time without mistakes. but we in iGreen team,use our accounting software because it is under our control and anytime, it needs a modules, we will design and programmed it into iGreen accounting software.
VAT (Value Added Tax) has been activated since 2018 in United Arab Emirates. before there was no tax on businesses but it is running now. regard to this new rule, all businesses and shops need a vat compliant accounting software for their accounts department. iGreen software has been updated with easy to use VAT option. so that you can adjust VAT in it and easily print invoices with VAT.
At the time of invoicing, you can enter amount of item, so iGreen will calculate amount of item price + vat or you can enter total amount of item + vat and iGreen will calculate price of item without VAT.. This is easy to save time
How to setup VAT in iGreen software
To active VAT option for invoicing and purchase entry, you should setup amount or tax percent per sales and your UAE TRN vat number in setting form as below instruction.
Adjusting VAT in iGreen software
You should get your TRN number from TAX department in Dubai economic organization.
Note: At this time (2020), VAT percent in All cities of United Arab Emirates is 5% .
After save setting of VAT, you can issue sales invoices with VAT. iGreen will calculate 5% of sales amount as VAT and it will be added to total amount of sales invoice.
VAT compliant accounting software
Based on the example above, you can rely on iGreen to manage your accounts as a hassle-free VAT compliant accounting software.
Example of invoicing with VAT in Dubai
As you see, we highlighted VAT in this sale invoice. price of item is only 150 AED and 5% VAT is 7.5 AED so that total amount of this invoice is: 157.5 AED
Print VAT Invoice
And here is printed version of this invoice in A4 paper size. also you can select other page size as A5, and receipt size (7cm) to print VAT report.
when you print this invoice, you can export it to EXCEL, PDF and MS Word also easy by one click.
This below file is PDF file of above example, please click on it and download it.
The best accounting software for you in Dubai, is the one that meets your needs and request exactly. so that no accounting software is the best for all businesses in Dubai because every small business has its unique financial calculations and methods.
Therefore, to get the best accounting software, we will consider your requests and needs of accounting vouchers and types of them. then we will customize iGreen accounting as you want.
It is not possible to get the best and exactly as you want from iGreen software. but we will try to reach your aim in accounting modules.. if we got success, so that we start main process to assemble financial modules of iGreen software in shape as you want.
Using iGreen accounting is very easy. You can its invoicing for your shop in Dubai. It is enough to install it and start to add items and issue invoices. Also by Barcode scanner, it will be very interesting job to issue invoices and print them.
Installation of this accounting software only takes 15 minutes. all steps of installation is automated and easy.
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