• Building & Construction Materials Trading

Helping Businesses Grow with Smart Accounting

  • Building & Construction Materials Trading

Helping Businesses Grow with Smart Accounting

  • Building & Construction Materials Trading

Building & Construction Materials Trading

IFRS – Bookkeeping

  • IFRS 15 – Revenue on delivery basis
  • IAS 2 – Inventory (slow-moving & damaged stock assessment)
  • IAS 16 – Warehouses, forklifts, delivery vehicles
  • Accrual accounting for freight & handling
VAT (FTA)

  • Mostly standard-rated (5%)
  • VAT on imports & local purchases
  • Input VAT allowed unless blocked
  • Proper delivery notes linked to invoices
Corporate Tax

  • Deduction of expenses only if wholly & exclusively for business
  • Capital assets depreciated as per accounting policy
  • Bad debt provisions need clear evidence