MOBILE PHONES, AIRTIME, AND DATA PACKAGES MADE AVAILABLE TO EMPLOYEES FOR BUSINESS USE

 INPUT TAX RECOVERY – GENERAL RULE

A taxable person may generally recover input tax paid for goods and services used (or intended to be used) for making taxable supplies.

 



INPUT TAX RECOVERY REQUIREMENTS

A business is entitled to recover input tax in respect of Phones, Airtime, and Packages acquired if these costs are incurred to make taxable supplies and the following requirements are met:

  • The business is registered for VAT and acquired Phones, Airtime, and Packages in its own name, e.g. the business’ details are reflected on the tax invoices and contract with the service provider;
  • The business has a documented policy in place which clearly states that the Phones, Airtime, and Packages may only be used for business purposes, and the consequences of any personal use;
  • The business regularly monitors the use of Airtime and Packages and retains justification for the variances;
  • The business takes action against employees using Phones, Airtime, and Packages for personal use in accordance with the documented policy; and
  • The business retains valid tax invoices in respect of the Phones, Airtime, and Packages acquired.

For more details click on below link : Auditors dubai , TAX RECOVERY REQUIREMENTS

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