Additional fields incorporated into the Standard DocTypes to facilitate compliance with regional regulations.

1. Item Master

1. Is Zero Rated: Select this checkbox for items that have a Zero tax rate.
2. Is Exempt: Select this checkbox for items that are exempt from taxes.

2. Sales Invoice

1. VAT Emirate: Choose the Emirate of the Place of Supply.
2. Refund Provided to Tourists: Input the amount of tax refunded to tourists.

3. Purchase Invoice

1. Recoverable Standard Rated Expense: Input the Tax Amount eligible for recovery.
2. Reverse Charge Applicable: Select ‘Y’ if Reverse Charge applies. Taxes will be zeroed out and a reverse GL Entry will be generated.
3. Recoverable Reverse Charge (Percentage): Specify the percentage for which Tax Paid under Reverse Charge is eligible for recovery.