E-commerce
VAT Output Tax on Domestic Sales (Jordan)
Recording 16% VAT on taxable product sales to Jordanian customers.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash / Stripe | Asset (+) | 115.00 | - |
| Sales Revenue | Revenue (+) | - | 99.00 |
| VAT Output Tax Payable | Liability (+) | - | 16.00 |
💡 Accountant's Note
E-commerce stores registered for VAT in Jordan must charge 16% on taxable goods. Some product categories (basic foods, medicines) are exempt. The tax is collected on behalf of the ISTD.
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