VAT Book-What are the three types of VAT(value-added tax) ?

Updated on May 23, 2022

VAT Book

A company’s VAT Book is a legal record of all transactions involving value-added tax (VAT) that occurred within a given period of time. Tax obligation posts, which often group deals with the same tax obligation percentage, can be used to organise the purchases.

The VAT Book, its purpose, and the three forms of VAT are all covered in this article.

Types of VAT

In addition to the VAT Book, instead of the VAT statement, firms need to occasionally send a VAT liquidation report which reveals the net VAT amount payable to the tax obligation authorities for the reporting period. The sold-off VAT amount is the outcome of the VAT on acquisitions minus the VAT for sale. If the outcome is negative, the tax authorities must be compensated for the shortfall. As a result, any surplus is carried over as a debt to the subsequent VAT book period.

Multi-company frameworks allow you to set up VAT publications and report on VAT Book reports for specific financial businesses. The VAT book amounts are calculated and printed by LN using the regional money of the economic company.

If you have printed the VAT Book for all the business of a firm monetary team and all the companies use the very same regional money, you can print the consolidated VAT Book for the team company.

There are 3 categories of products that can be made by a VAT vendor: standard-rated, zero-rated as well as excluded materials. All products other than those exempt from the tax must be subject to the tax. The VAT Act offers specific guidelines for zero-rated and exempt products however this loss outside the range of this write-up. Please contact your tax professional for additional information.

Taxes are categorised into three types: – Usage type.
– It’s a good thing.
– Gross National Product (GNP) type.

1) Intake Kind VAT

Consumption taxes are levied on the cost of goods and services consumed. To avoid taxation, resources purchased from other companies are excluded from the tax base in the year of purchase and depreciation is not reduced from the tax obligation base in subsequent years under utilisation kind VAT. Such a tax’s revenue is derived from the money that’s spent on food.

(2) Revenue Type VAT

monetary in nature Resources and goods purchased from other companies are included in the tax base in the year of acquisition under VAT. Instead of include depreciation in the tax requirement basis, this approach does not include it. Consumption and internet financial investment both result in reduced tax obligations. This sort of tax is based on the total amount of national income generated online.

(3) GNP Kind VAT

The tax liability base is not reduced in the year in which a company acquires resource commodities purchased from other companies under this sort of arrangement. Furthermore, it does not allow for a reduction in the tax requirement basis in later years due to devaluation. Intake and gross investment are both subject to taxation. The GDP serves as the tax basis for this sort of taxation.

Check out this video to learn more about the VAT Book.

About VAT Book/course certification

Vat certification, stock transfer, third-party drop shipment, acquisitions, and vat training are all available through Value Added Tax.

V.A.T. adoption in the United Arab Emirates necessitates meticulous planning. Dubai-based Zabeel Institute offers VAT training and courses to students from across the United Arab Emirates (UAE). VAT Advisory, value-added tax optimization in the United Arab Emirates, is one of our specialties.

This certificate serves as a licence to collect taxes from firms that have been registered.

A comprehensive understanding of the value-added tax system is provided by VAT training courses that cover the fundamental concepts of value-added tax, guidelines, and administration as well as assistance in the analysis and constant application of GCC VAT regulations within the United Arab Emirates (UAE).

For small and medium-sized businesses in the United Arab Emirates, our team of tax consultants, financial specialists, and tax accountants will provide fast and cost-effective VAT training.

For additional information about the VAT Book, please visit this page.

Significance of VAT Book/Certification in 2020

One of the most sought-after certification courses in UAE right now is VAT training and certification.

In this VAT course, those who work on the procurement or accounts payable side of a firm will learn about input VAT and how it may be recovered. In a variety of case-study situations and practical examples, delegates will be able to put what they’ve learned into action.

Those working in sales and purchasing, accounting, tax, payables and receivables, and other related fields might benefit from the Value Added Tax -VAT certification programme.

Advantages of VAT certification:

Improved competence and internal communication reduce the risk of mistakes, making it one of the finest models for self-learning.
It establishes a common ground for dialogue and understanding.
It could have an impact on cost-savings and risk management.
It provides an aural framework for checking whether an ERP system has been correctly implemented.
Specialists in the field of VAT are available to assist you.
Customized instruction and familiarity gained can be immediately applied to daily technique.

VAT Book

Training Facility in UAE: Dubai, Abu Dhabi, Sharjah.

You’ve come to the correct place if you’re seeking for VAT training in Dubai, Abu Dhabi, and Sharjah, UAE. Zabeel Institute’s VAT preparation course is the best in the business.

Zabeel Institute’s Value Added Tax training stands out from the competition.

Every year, the Zabeel Institute is noted for its success in providing many VAT batches. Zabeel promises to support all students in whatever way possible in order to ensure that they perform brilliantly on the exam.

The Zabeel Institute, which opened its doors in 1988, is one of Dubai’s most prestigious business schools. Zabeel Institute is accredited by the KHDA and the UAE Ministry of Education and is located in the United Arab Emirates. Many different industries, such as airlines, travel and tourism, engineering, construction, accounting and finance, information technology and logistics, languages and management are served by Zabeel’s training programmes. Zabeel’s career-specific courses are taught using interactive teaching methods, state-of-the-art technology, and a highly skilled and experienced faculty.

Training Professional Executives for over 32 years
Since 1988, I’ve won numerous QUALITY AWARDS for my work in training.
Trainers that are both certified and qualified.
Laboratory equipped with the latest technology and utilising only licenced software
UAE Ministry of Education-certified diplomas
For reference and teaching materials, there are a wide range of resources available.
Additional help is available for free online.
Free follow-up seminars and workshops on orientation
Plan for an Integrated Career and Training Development
For additional information on Zabeel, please see the KHDA website:


Zabeel Institute helps you evaluate the VAT certification partner based on your education and expertise and will further guide you to the certification.

To know more about Value Added Tax training certification cost in UAE, charge VAT Book cost, test fees, certification, general certification cost, and more, please Contact Zabeel Institute!

Zabeel offers VAT Book in Dubai and Sharjah in the UAE

For further information please contact: –

Phone: 00971 4 3974905

WhatsApp: 00971505258501

Email: [email protected]

Website :



Twitter: intl

Instagram: international/

To know more about the VAT Book visit


A company’s VAT Book is a legal record of all transactions involving value-added tax (VAT) that occurred within a given period of time. By tax obligation posts, agreements with the same tax obligation percentage can be grouped.

Are you eager to discover what the VAT has to offer? VAT (value-added tax) has also been asked, what is its purpose?

UAE vat certificate

Finance for non-finance manager