A business issues an invoice for AED 10,000 plus 5% VAT, but the customer fails to pay after 12 months. How much VAT can the business recover as bad debt relief if all conditions are met?

Output and Input VAT Team A

Quiz
•
Professional Development
•
Professional Development
•
Medium
Ubaid Niazi
Used 1+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
AED 0
AED 250
AED 500
AED 5,000
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is considered a deemed supply under UAE VAT law?
Goods given as free samples to employees
A discount given to a loyal customer
A return of goods by a customer
Goods supplied outside the UAE
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A business sells goods for AED 20,000 and offers a 10% cash discount if the payment is made within a week. What is the VAT amount if the customer avails the discount?
AED 1,000
AED 900
AED 950
AED 1,100
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Under UAE VAT law, which of the following is NOT considered irrecoverable input VAT?
VAT paid on personal expenses
VAT on entertainment expenses for non-employees
VAT on office rent for a registered business
VAT on a car purchased for personal and business use
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A VAT-registered company purchases office supplies for AED 5,000 (including 5% VAT). How much input VAT can be recovered?
AED 250
AED 500
AED 238
AED 0
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following conditions is NOT required for a business to recover input VAT?
The business must be VAT-registered
The VAT must be related to taxable supplies
The VAT invoice must be in the business’s name
The VAT must have been paid in cash only
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A business registered for VAT on March 1, 2024. It purchased equipment worth AED 50,000 (excluding VAT) on January 15, 2024, for business use. How much input VAT can be claimed if the equipment is still in use?
AED 2,500
AED 0
AED 5,000
AED 10,000
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