VAT Day Book In MS Dynamics GP for Middle East Countries

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Posted on by Christclark

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How to set-up VAT in GP 2013, 2015 and 2016 especially for Middle East countries? IN GP 2016, I can see that only available option is for UK and other European countries. Next year, VAT will be implemented in Middle East.

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Community Member Microsoft Employee on at

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RE: VAT Day Book In MS Dynamics GP for Middle East Countries

Hi,

The standard tax engine in GP will suffice to handle VAT for the Middle East. Additionally you will probably want to install the VAT daybook functionality to access additional reporting and audit features.

When you say you can only see options for UK and other EU countries...are you talking about the out of the box VAT Return reports? If so, then yes, the out of the box reports have preconfigured UK and EU returns.

However, you don't have to use these. Most clients don't to be honest, they just use the VAT Daybook reports and manually enter their VAT returns on line / manually complete the paper based return. There are other options if you want this final report printed from GP.

PM me if you need assistance. There is too much to go into on a post like this. But, in short, everything you need to record and account for VAT in Middle East is already within GP standard functionality.

Ian.
Christclark 110 on at

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RE: VAT Day Book In MS Dynamics GP for Middle East Countries

Correction: In GP 2013, I can see that only available option is for UK and other European countries. Next year, VAT will be implemented in Middle East.