Output and Input VAT Team A

Output and Input VAT Team A

Professional Development

10 Qs

quiz-placeholder

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Output and Input VAT Team A

Output and Input VAT Team A

Assessment

Quiz

Professional Development

Professional Development

Medium

Created by

Ubaid Niazi

Used 1+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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?

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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