GCC VAT QUIZ COMMERCE ACADEMY

------------------------is the tax charged on sale of goods or services

• OUTPUT TAX

• INPUT TAX

• TAXABLE SALES

• SALES TAX

The excess of input vat over output vat leads to

• SALES TAX

• OUTPUT TAX

• TAX PAYABLE

• TAX REFUNDABLE

The excess of output vat over input vat leads to

• SALES TAX

• OUTPUT TAX

• VAT PAYABLE

• VAT REFUNDABLE

Tax Registration number is of _____________digits

• 15

• 16

• 18

• 12

Under reverse charge concept the recipient of goods or services is liable to pay taxes to the Authority

• true

• false

The supply of goods or services which are exempted from tax are called as

• TAXABLE SUPPLY

• EXEMPT SUPPLY

• EXPORT

• IMPORT

Pace of supply helps in determining whether the supply made with in the GCC  country or outside the GCC country

• TRUE

• FALSE

The supply of goods or services which are taxable are termed as

• TAXABLE SUPPLY

• EXEMPT SUPPLY

• EXPORT

• IMPORT

Voluntary threshold limit for UAE VAT

• 187500

• 177500

• 186500

• 375000

Which of these is not a rate of VAT in the UAE?

• EXPORT

• TAXABLE -STANDAERD RATE

• ZERO RATE

• VAT EXEMPT