VAT Treatment per Customer
Each customer carries its VAT treatment, such as zero-rated export or 5% mainland sale, applied on every invoice.
Free zone trading and re-export
Accounting for Free Zone Traders
You buy electronics and spare parts from Asia in a free zone and re-export them to Africa and the GCC, with some sales to mainland UAE customers.
Sound familiar?
What Gets in the Way Today
We hear the same problems from free zone traders across the UAE.
- Sales go to buyers outside the UAE, on the mainland and in other free zones, each with a different VAT treatment.
- An outside bookkeeper keeps the books in spreadsheets, so Corporate Tax preparation is slow and uncertain.
- USD and AED bank accounts are reconciled only at year end.
- Management cannot see profit by customer region.
How TaxMate solves it
Built Around How You Work
Banks Reconciled Monthly
USD and AED accounts are kept in their own currencies and reconciled every month.
Statements Any Day
Sales, purchases and stock post to one ledger, so the P&L, balance sheet and trial balance are always current.
Margin by Market
Customers are grouped by region, so you see sales and margin for Africa, the GCC and the mainland.
Free Zone Corporate Tax Checks
The worksheet includes the qualifying free zone checks, with the de minimis limit on non-qualifying revenue.
Adviser Access
Your tax adviser gets their own login to prepare the Corporate Tax return from TaxMate’s statements.
What You Get
- The right VAT on exports and local sales without manual checks
- Monthly, not yearly, bank reconciliation
- Financial statements ready for the Corporate Tax return
- A clear profit picture by export market
Features used: Customer-level VAT treatment · Multi-currency banking · Bank reconciliation · General ledger and financial statements · Customer groups · Corporate Tax worksheet · Adviser access
FAQ
Common Questions
Are exports to Africa zero-rated?
Yes, exports of goods outside the UAE are zero-rated when you keep official evidence of export, such as the customs exit documents.
Do sales to mainland customers carry VAT?
Usually yes, at 5%. How it is collected depends on how the goods leave the zone, so agree each flow with your adviser once and set it up once in TaxMate.
Do mainland sales affect my 0% Corporate Tax rate?
They can. Sales to mainland customers are usually non-qualifying income. If non-qualifying revenue goes over the de minimis limit, the company loses qualifying status. The worksheet shows where you stand.
Does TaxMate decide if I qualify?
TaxMate tracks the figures the test needs. Whether you qualify is a judgement for your tax adviser.
Related Industries
Building materials tradingImports in three currencies, contractors on credit and one method for import VAT.Auto spare parts tradingThousands of part numbers, three locations, landed cost and garages on credit.Freight forwarding and logisticsProfit per shipment, pass-through charges kept apart and the right VAT on every service.
See all industriesBe E-Invoicing Ready Before Your Deadline, Not on It
See TaxMate with your own invoices in a 30-minute demo.