Example use caseFree zone
A free zone distributor sees qualifying and non-qualifying income side by side every month.
Finance leadFree zone company, 25 staff
Solutions · Free zone
Keep your free zone tax position clear
Qualifying Free Zone Persons can pay 0% corporate tax on qualifying income. Accountly tags income as qualifying or not as you invoice, so the position is clear all year.
What changes with Accountly
Qualifying and other income are mixed together.
Each sale is tagged as qualifying or non-qualifying when it's invoiced.
The de minimis limit is checked once a year.
Non-qualifying income is tracked against the limit throughout the year.
Mainland customers make VAT complicated.
The right VAT treatment is applied to each customer and supply automatically.
See it with your own numbers
In a 30-minute demo we set up a sample company like yours and walk through a month-end close and a VAT return.
Book a demo