VAT 201 & Corporate Tax, end to end

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Course content

Quiz — 12 questions

What is the mandatory VAT registration threshold? → AED 375,000
How many days after the end of a tax period is the VAT 201 due? → 28
Which boxes carry the per-Emirate split of standard-rated supplies? → 1a to 1g
A supply is an export. Which tax and which box? → 0% EX, box 4 (zero-rated)
A supply is exempt. Which tax and which box? → 0% EXT, box 5 (exempt)
Does the report decide boxes by tax rate or by tax tag? → Tax tag
Every standard-rated supply is in box 1b. What is the most likely cause? → Customer contacts have no Emirate set, so all amounts take the Default Emirate
Box 12 is 938.50 and box 13 is 312.50. What is box 14? → 626.00
Why is box 15 not on the Odoone report? → It is a refund yes/no answered on EmaraTax, not a computed figure
What are the two Corporate Tax bands? → 0% up to AED 375,000, 9% above
Tax-loss relief is capped at what proportion of taxable income before relief? → 75%
Why record a Tax Filing rather than re-run the report later? → It snapshots what was actually filed; the ledger keeps moving afterwards