on 10-23-2017 12:56 PM
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.
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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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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Hi,
The entry seems correct if RCM is involved.
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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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Hi Mohamed,
Can you please let us know what approach have you finalised for VAT on imports?
Best regards,
Mayuresh
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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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