SaaS
VAT Reverse Charge on Foreign SaaS (AWS, Google)
Self-assessing VAT on cloud service invoices from foreign providers under the reverse charge mechanism.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cost of Revenue / R&D Expense | Expense (+) | 5,000.00 | - |
| VAT Input (Reverse Charge) | Asset (+) | 800.00 | - |
| VAT Output (Reverse Charge) | Liability (+) | - | 800.00 |
| Accounts Payable / Cash | Liability (+) | - | 5,000.00 |
💡 Accountant's Note
In Jordan, a registered SaaS company buying digital services from AWS, Google, or other foreign providers must self-assess VAT. The input and output entries net to zero but both must appear on the return.
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