SaaS
VAT on B2B SaaS Invoice (Output Tax)
Charging 16% VAT on a SaaS subscription invoice to a Jordanian business customer.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Accounts Receivable | Asset (+) | 115.00 | - |
| Subscription Revenue | Revenue (+) | - | 99.00 |
| VAT Output Tax Payable | Liability (+) | - | 16.00 |
💡 Accountant's Note
SaaS services supplied to businesses in Jordan attract 16% Sales Tax. The tax is charged on top of the subscription fee and remitted to the ISTD monthly.
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Expert Analysis by Qusai Ahmad
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