Bahrain

25

I just checked Ireland localization and it seems like the entire issue was about the tax amount and not the taxable amount. So I guess I have some explaining to do here:

Here’s a sample of the tax return without reverse signing the RCM Tax codes:

Screenshot_20211120-030219~4
Screenshot_20211120-030219~41064×1097 73.8 KB

The first column adds up. However the RCM codes are negative.

In the tax return form, we can only enter taxable amounts and the tax portal will calculate the tax amounts for. This creates two problems

  1. The VAT/I - RCM must be added to item 1. The tax portal expects us to input 300 for item 1 (100 VAT+200 RCM) to get the correct 15 tax amount. But it’s not possible at the moment.

  2. if I keep the VAT/I - Domestic RCM in it’s own cell and reverse the sign, the totals will not add up anymore.