Why Did New Taxes Appear Automatically in Tax Settings After Creating the Account?
When creating a new account with United Arab Emirates selected as the account country, the system automatically creates the required UAE tax types based on the requirements of the Federal Tax Authority (FTA) without any manual setup.
The following taxes are created automatically:
- Standard Rated (VAT) — 5%
- Reverse Charge (VAT) — 5%
- Zero Rated — 0%
- VAT Exempted — 0%
- GCC Supplies — 0%
- Tax Adjustments — 0%
These taxes are ready to use immediately in all your invoices and transactions.