What is Output tax (output VAT)?
Output tax is the 5% VAT a registered business charges on its taxable sales and pays to the FTA, after deducting recoverable input tax.
It is reported in boxes 1 to 3 of the VAT return, split by emirate.
Output tax is the 5% VAT a registered business charges on its taxable sales and pays to the FTA, after deducting recoverable input tax.
It is reported in boxes 1 to 3 of the VAT return, split by emirate.