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VAT on import goods

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

  • Oct 23, 2017 at 11:58 AM

    FTXP Screen

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    Former Member
    Nov 19, 2017 at 05:49 AM

    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

    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

    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

    Hi,

    The entry seems correct if RCM is involved.

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    Former Member
    Dec 24, 2017 at 05:41 AM

    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

    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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