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

Updated on July 19, 2022

VAT Book

The VAT Book is a legitimate report that lists all of a company’s value-added tax (VAT) transactions in date order.

Tax obligation postings, which often group transactions with the same tax requirement proportion, can be used to organize the purchases.

What is the purpose of What are the three forms of VAT? is discussed and explained in this article.

Types of VAT

VAT liquidation reports must be sent to the tax authorities as well as the VAT Book, which is required by law for reporting periods of less than one year. Sales tax is calculated by subtracting the amount of sales tax paid from the amount of sales tax paid.

It is imperative that the taxing authorities are made whole if the outcome is not favorable.

If the outcome is good, the debt amounts are carried forward to the next VAT period.

Using a multi-company framework, you may set up and report on VAT publications and VAT Book reports for the specific financial company. LN uses the regional currency of the economic company to calculate and publish VAT book amounts.

In order to issue a single VAT Book for the whole monetary group, all of the companies in the firm’s monetary group must use the same local currency.

A VAT seller can generate three different categories of goods: standard-rated, zero-rated, and forbidden materials.

An outcome tax should be levied on all products, unless those specifically exempted.

This article will not go into the technicalities of the VAT Act’s requirements for zero-rated and exempt products, which are outside the scope of this article. Please consult your tax advisor for more information.

Remember that there are three distinct types of value-added tax (VAT):
These kinds of earnings.
A kind of GDP for the country (GNP).

1) Intake Kind VAT

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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 utilization kind VAT. Such a tax is based on the amount of money spent on consumption.

(2) Revenue Type VAT

The money-making type VAT does not exclude resources and goods purchased from other enterprises from the tax base in the year of purchase.

This type, on the other hand, does not account for future depreciation on the tax obligation base. Intake 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

Purchasing resources from other companies is not deducted from the company’s tax liability base in the year of acquisition under this kind of taxation. Furthermore, it does not allow for a reduction in the tax requirement basis in later years due to devaluation.

Taxes are levied on both the amount of money a company takes in and the amount of money it invests. The GDP serves as the tax basis for this sort of taxation.

This video about the VAT Book will help you better comprehend what it is all about.

About VAT Book/course certification

Value Added Tax provides vat certification, stock transfer, third-party drop shipping, acquisitions, and vat training.

In order to implement the United Arab Emirates’ value-added tax, careful planning is required.

To learn about VAT, check out the Zabeel Institute, which has locations in Dubai and across the UAE. In the United Arab Emirates, value-added tax (VAT) optimization is one of our areas of expertise.

The certificate is a permit to collect taxes from registered businesses.

Value-added tax (VAT) training courses address the essential principles of VAT, guidelines, and administration, as well as aid in the research and consistent application of GCC VAT legislation inside the United Arab Emirates (UAE).

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VAT training for UAE small and medium-sized enterprises may be quickly and affordably provided by our team of tax advisers, financial specialists and tax accountants.

To find out more about the VAT Book, please click here.

Significance of VAT Book/Certification in 2020

VAT training and certification is one of the most sought-after certification courses in the United Arab Emirates right now.

Input VAT and its recoverability will be covered in this course for those who work with VAT at the operational level in the procurement or accounts payable department of a business. Learners can put what they’ve learned into practice in a range of case studies and real-world scenarios.

The Value Added Tax -VAT certification program may be beneficial to those in sales and purchasing, accounting, tax, payables and receivables, and other relevant sectors.

Advantages of VAT certification:

It is one of the best models for self-learning because of its improved competency and internal communication.
It creates a foundation for open communication and mutual understanding.
It has the potential to have an effect on risk management and cost reduction.
In order to determine whether an ERP system has been correctly installed, it provides an auditory framework for doing so
Experts in value-added tax (VAT) provide expert guidance.
An individual’s training and familiarity can be directly applied to their daily routines.

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

For VAT training in Dubai, Abu Dhabi, or Sharjah in the UAE, you’ve come to the right spot.

The Zabeel Institute has developed the best VAT preparation course available.

Zabeel Institute’s Value Added Tax training sets it apart from the rest of the pack.

Every year, Zabeel Institute delivers a number of successful VAT batches. When it comes to the exam, Zabeel pledges to help all of his students to the best of his ability.

Zabeel Institute is a Dubai-based educational and training institution that was established in 1988.

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The KHDA and the UAE Ministry of Education both accredit all of Zabeel’s courses.

A wide range of industries are well-served by Zabeel’s training courses.

These include airlines and travel and tourism as well as construction, engineering, accounting, and finance. Zabeel’s career-specific courses are taught by a highly qualified and experienced faculty using interactive teaching methods and cutting-edge technology.

Educating business leaders for more than three decades
Since 1988, I’ve won a slew of QUALITY AWARDS for my work in training.
Accredited and certified trainers.
A state-of-the-art testing facility outfitted with the latest in computer hardware and software.
Diplomas approved by the Ministry of Education of the United Arab Emirates
Students and educators can both benefit from the wealth of information available online.
Free internet resources are also available for those in need.
There is no charge for the workshops and follow-up lectures that are offered.
advancement of one’s educational and professional goals


Zabeel Institute helps you select a VAT certification partner based on your education and expertise, and then guides you through the process of obtaining certification.

Please contact Zabeel Institute if you’d like to learn more about Value Added Tax (VAT) training certification costs in the UAE, pricing for VAT books, exam fees, certification, and other certification costs.

It is available in Dubai and Sharjah, UAE, through Zabeel for VAT Book


The VAT Book is a lawful report of all worth included tax (VAT) transactions of a company, in date sequence.

The purchases can be grouped by tax obligation posts, which typically group deals that have the same tax obligation percentage.

Are you ready to explore the new world of the VAT? In addition, What is the purpose of VAT (value-added-tax)?