Executive Regulation of Federal Decree-Law No. 8 of 2017 on Value Added Tax

en · translation · sha256:cdf00242cbadaa8be4948302fe88fa22281c8b37e859935470c70fa0722039b9EN

The Taxable Person shall calculate the percentage of Recoverable Tax with reference to Clause 1 of Article 54 and Article 57 of the Decree-Law, to the sum of Input Tax for the Tax Period. b. The percentage calculated under paragraph (a) of this Clause shall be rounded to the nearest whole number. c. The percentage calculated under paragraph (b) of this Clause shall be multiplied by the amount of Input Tax referred to in paragraph (c) of Clause 6 of this Article to establish the recoverable portion of that Input Tax. 8. The calculations referred to above shall be undertaken in respect of each Tax Period where Input Tax incurred relates to making Exempt Supplies or to activities that are not in the course of Business. 9. At the end of each Tax year the Taxable Person shall undertake the calculation mentioned in Clause 7 of this Article, but in respect of the entire Tax year just ended in the first Tax Period of its subsequent Tax year. 10. The Input Tax properly recoverable for the Tax year just ended as described in Clause 9 of this Article shall be compared to the Input Tax amount actually recovered in all the Tax Periods making up the Tax year, and an adjustment to the Recoverable Tax shall be made in the Tax Period mentioned in Clause 9 of this Article.

Ссылаются нормы: AnnualInputTaxAdjustment, RecoverDirectInputTax, RecoverSharedInputTax