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VAT on import goods

Oct 23, 2017 at 11:56 AM

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Hi,

We are implementing VAT for UAE/KSA.

We got some problem with (PO ) import goods from non-GCC countries. For example I do import material from Turkey to KSA / UAE. Based on latest version 11(OSS note:2477105-VAT Baseline Package for Saudi Arabia) we have configured settings in the system.

We used tax code: VY. at Duty MIRO

I made duty MIRO(attached screen with account entries). Can some body confirm my account entries? Thank you.

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7 Answers

Mohamed Ismail Oct 23, 2017 at 11:58 AM
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FTXP Screen


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Former Member Nov 19, 2017 at 05:49 AM
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Please check the business process .

For import , No VAT for main vendor . The Vat is applicable to SAUDI Customs .

And you can take output credit when you sell it and if export you get refund

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Former Member Dec 13, 2017 at 01:13 PM
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Hi Mohamed,

Can you please let us know what approach have you finalised for VAT on imports?

Best regards,

Mayuresh

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Former Member Dec 13, 2017 at 01:13 PM
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Hi Mohamed,

Can you please let us know what approach have you finalised for VAT on imports?

Best regards,

Mayuresh

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Former Member Dec 22, 2017 at 04:34 PM
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Hi,

The entry seems correct if RCM is involved.

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Former Member Dec 24, 2017 at 05:41 AM
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Hi Ismail,

Also, you need to check on what amount the VAT is to calculated. Will the amount be Base Value + Vat, if so the above entries seems incorrect.

Regards,

Lakhya

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Former Member Jan 09 at 06:02 AM
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Hi Ismail,

Please review the below SAP Notes

2581369 - VAT KSA and UAE : Imports Process

2583751 - VAT KSA and UAE: Tax calculation in MIRO during Imports

Regards

Praveen K. Karmukshi

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