Tax
Recording VAT Input Tax in Jordan
How to record Value Added Tax (VAT) on local purchases and expenses for Jordanian companies.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Expense / Asset | Mixed | 1,000.00 | - |
| VAT Input Tax (16%) | Asset (+) | 160.00 | - |
| Accounts Payable / Cash | Liability (+) | - | 1,160.00 |
💡 Accountant's Note
In Jordan, the standard Sales Tax is 16%. You debit the VAT Input account as an asset because it will be deducted from your VAT Output when filing with the ISTD.
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Expert Analysis by Qusai Ahmad
General Accountant Supervisor & IFRS Specialist
Specialized in SAP GUI automation and Middle Eastern tax compliance. Building digital tools for the next generation of finance leaders.