E-commerce
VAT on Imported Goods (Customs Border)
Recording VAT paid at customs when importing goods into Jordan.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| VAT Input Tax (Import — Recoverable) | Asset (+) | 1,600.00 | - |
| Cash / Bank | Asset (-) | - | 1,600.00 |
💡 Accountant's Note
VAT paid at customs on imported goods is a separate input tax from the supplier invoice VAT. It is recorded as a recoverable asset and offset against VAT output on future sales.
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