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arif hamid
Level 1

Hello Every one ! 

I am working in UAE and have VAT. I have setup quick book online for 5% VAT on sales and purchases (expenses) Have entered a transaction of sales with VAT 5% but the Tax report does not shows the VAT under the section paid on Purchases. the expense incurred is also a purchase so I believe it should appear, isn't it ? 

 

May I request for help of experts 

Thanks a lot 

Regards 

3 Comments
Jen_D
Moderator

I appreciate your time visiting our forum for your VAT question, @arif hamid,

 

If you're referring to the information on the VAT Detail Report, this shows the lists of transactions that are included in each box on the VAT return. Therefore, if you assigned the right VAT code to those purchases, then it should show the amount in there. See this:
cal.PNG

 

If you're unable to see it, check the Report Period and Accounting method is correct. You can also check the transaction if it has the right code. This is how it should look like:

 

If everything is assigned correctly and the report still shows no VAT for purchases, try to access your account in a private window. We need to check if this issue is caused by the data in the cache.

 

Use these keyboard shortcuts to lauch private browsing:

  • Google Chrome: press Ctrl Shift N  
  • Mozilla Firefox: press Ctrl Shift P
  • Safari: press Command Shift N

Clearing the cache can also help unexpected issues in QuickBooks Online. This will help remove the history log, so you can start with a clean slate.

 

In the meantime, here are some reports to help you with VAT processing in QBO:

 

 

Please let me know how it goes. I'll be right here if you have additional questions about this topic or anything else in QuickBooks. Have a nice day!

arif hamid
Level 1

Many thanks for your message.

Can I request to know which options shall I select while setting up the VAT for UAE.

For Sales:
Rate 5% this is as per law.
Account: Liability
Show net amount on return line: Net value of Sales

Purchase:
Account: Liability
Show tax amount on return line: Supplies subject to the reserve charge provision
Show net amount on return line: Net value of purchases

Kindly check and confirm the above.

GlinetteC
Moderator

Thanks for getting back to us, arif hamid.

 

In regard to confirming the appropriate account of your VAT set up, I highly recommend consulting your accountant. They are experts in providing proper guidance on this and this is to avoid messing up your books. 

 

You can check out through this link to find certified professionals in your area: Find a ProAdvisor 

 

I'm also adding some articles related to VAT in QBO for your reference:

 

Feel free to visit the Community again if you have other concerns. We're here to help.

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