• Building Hardware & Tools Trading

Helping Businesses Grow with Smart Accounting

  • Building Hardware & Tools Trading

Helping Businesses Grow with Smart Accounting

  • Building Hardware & Tools Trading

Building Hardware & Tools Trading

IFRS – Bookkeeping

  • IAS 2 – Inventory valuation & shrinkage control
  • IFRS 15 – Sale of goods revenue
  • Stock aging & impairment review mandatory
VAT (FTA)

  • Standard VAT @ 5%
  • VAT on imports & domestic sales
  • Input VAT claim on tools, rent, utilities
Corporate Tax

  • Stock losses must be supported by physical verification
  • Marketing & sales commissions must be reasonable