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ReportHello ,
Is Dynamics GP 2016 VAT Compliance ready for Saudi Arabia, if yes can some body Guide me to Setting VAT is appreciated .
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Hello ,
Is Dynamics GP 2016 VAT Compliance ready for Saudi Arabia, if yes can some body Guide me to Setting VAT is appreciated .
*This post is locked for comments
Hi Ian,
Can you please email me about VAT implementation as well on schackeil@hotmail.com
Regards
Shakil
Dear Ian,
Noted. Thanks a lot
shifan
Hi Shifan,
You can enter a sale for zero price. If you do this 9and VAT is set up correctly), the transaction will be VAT analysed (i.e. a tax detail will be attached to it), but the VAT amount will be zero.
You should check however that this is allowable under your local sales tax legislation. In seem to remember some circumstances (not in Saudia Arabia) I have seen where Sales Tax is chargeable on supplies of goods for free. It may have been offset by a credit so no sales tax was actually collected - but again just make sure what you are doing is recording the transaction correctly.
Ian.
Dear All,
Does anyone know how will I issue sample items to customers, which we give for free, but I am confused with VAT,
Can we invoice it for free of charge therefore the VAT will not show up, please do let me know the right way
thank you,
Shifan
Hi Rehan - Thanks for reply. . So far all the expenses we are using Bank Transactions as the payment will go out from the Bank. But It's available in AX .
Anyway, thanks for your continuous feedback.
Regards
SHAAKSA
Hi Shaaksa,
No, there is no option to enable Tax on this window (Transactions --> Financials ---> Bank Transactions), because it use for bank transactions. for Expenses you can you the transaction by JV ( Transactions --> Financials ---> General)
Regards
Rehan Ahmed
Dear Rehan - Thanks for your reply. I have verified , that has been already enabled and it works in the Journal Entry window. But we are processing the expenses by using Bank Transaction (Transaacions --> Financials ---> Bank Transactions) . Is there any way to enable the Tax input from that Window.
Appreciate your feedback.
Regards
SHAAKSA
Hi SHAAKSA,
You can contact evincible solution Jeddha office and have their assistance regarding everyday VAT transactions.
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