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How to treat vat for branch transfer out?

HOW TO TREATMENT BRANCH TRANSFER OUT IN VAT IN UAE- IF TOW BRANCHES FOR A COMPANY BUT PURCHASE ONLY IN ONE BRANCH AND ITEM TRANSFER IN TO ANOTHER BRANCH HOW TO TREAT IT IN VAT UAE?

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Question ajoutée par MOHAMMED SUHAIL , ACCOUNTANT , SADAF Restaurant
Date de publication: 2017/12/07
NIZAR PUTTENKUNNU
par NIZAR PUTTENKUNNU , Group Finance Manager , Refa Gifts Markets LLC & Group of Companies

If the branch is a part of the Tax group, the transfer it between is "exempted", no need to book input/output vat.

If both are separate profit centers and not in a tax group, better to practice the invoicing on cost price with VAT.

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