VAT in Construction| Learn VAT Treatment in Construction Industry- CEO, CA Manu EmiratesCA Group
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- Опубликовано: 16 сен 2024
- In this VideoLearn VAT Treatment in Construction Industry; on Advance Payment, On Retention and During Defective Liability Period - CEO, CA Manu Emirates Chartered Accountants Group
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Emirates Chartered Accountants Group is a leading Auditors and Financial consultants in the UAE. more info call +971 4 250 0290 www.emiratesca.com Emirates Chartered Accountants group is ISO 9001-2008 certified International Chartered Accountants firm in Dubai.
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Appreciated ....Very informative video related to construction industry ... would be helpful if more video is made for construction industry.
Thanks
Thank you sir for sharing such a valuable knowledge.
Thanks for valuable
Helpful
Can someone please tell me what he said starting 5:46 to 5:48 ("otherwise, if there is a word signed off on completion of ____________). I really couldn't understand because of the accent (just only within this time). Thanks.
Dear Mike, it is "on completion of defective liability period".
Thankyou.
for group of companies will there zero rated and standard rate taxes? for base on the different business group handle?
What is meant by signed off completed??
Dear @Jack Rider, it means the performance obligation on the contract is completed.
What is current vat rate of construction
Sir my question is, whether vat shall be charged when customer pays retention amount after completion of defective liability period.
Dear Jack Rider, if the work is completed before 2017 then you should NOT charge VAT. But if the work is completed after 2017 then you have to charge VAT on Retention.
Sir I am vat expert from india having 14 years experience, I want to work in ur company,can u help me for that.
is there a VAT on material on site if the client approved to pay 70% from the total
Dear Sir, could you please clarify your question.
Are you intending to claim the input or charge your client for the approved amount?
@@Emiratescagroup thanks alot for your early reply, i need to charge my client for the approved amount, but he will pay only the material amount without VAT. is it okay or i must claim for the vat amount in my tax invoice.
@@sshahin76 Dear Sir, if you are raising a Tax invoice it should be with VAT even if the client pays or not. You are responsible to collect and remit VAT to FTA.
@@Emiratescagroup sir if invoice is created in a software but the payment is not yet received from customer what will be the vat mechanism
totally confusing.. your accent is ading hazard to learning