Vat Compliant Accounting Software in UAE

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.

How to setup VAT in iGreen

To active vat option in invoicing and purchase entry, you should setup amount or tax percent per sales and your TRN vat number.

VAT setup in iGreen accounting software

You should get your TRN number from TAX department in Dubai economic organization.

Note: At this time 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.

Invoice with VAT option for Dubai shops

As you see, we highlighted VAT in in invoice.

Printed invoice in A4 paper size

Print invoice with vat for shop in Dubai

when you print this invoice, you can export it to EXCEL, PDF and MS Word also easy by one click

Exported Print invoice with VAT in PDF format

FTA Audit File

FTA audit file is very important in any accounting software to send tax value to UAE tax portal automatically. If you have a business in Dubai, Abu Dhabi, Sharjah, Ras Al Khaimah and Al Ain, so that you can send your business’s tax declare by iGreen accounting software to online tax portal of United Arab Emirates very easy.

We are working to active FTA audit file export in excel format ( XLX ) in iGreen accounting software very soon.

It will be ready in middle of -November of 2018.

VAT Report of Sales

in iGreen accounting you can print report of sales VAT  very very easy. this report is very clear and easy to understand.

This report will be calculated and prepared regard to TAX percent that you adjusted in setting as example of below image:

Tax setting in iGreen accounting

How to access VAT report

in home screen of iGreen accounting, in right corner you will see a button like:

button of VAT report in iGreen accounting

Please click on it and then form of VAT report will be shown, as below:

Form of VAT report in iGreen accounting for Dubai business

As you see in this report, all sales invoices has been shown and in the last column Tax amount of sales amount has been calculated regard to VAT percent of setting.

You can also select date ranges of invoices from date to date by selecting date from upper date combo button in top of form.

for example we selected from 01 OCT to 24 OCT as below:

VAT report of selected ranges of date

 

Result will be as below:

VAT report of selected ranges of date