Ali & CO has imported goods from the UK to UAE in January 2021. The CIF (Cost, Insurance, Freight) value of goods

is AED 500,000. The standard rate of customs duty is 5% and the standard rate of VAT 5%

Please calculate the amount of Input VAT declared by-Ali & CO in its VAT tax returns for this transaction in the month February 2021

14. Calculated Numeric: Ali & Co has imported goods from the ... Question All & CO has imported goods from the UK to UAE in January 2021. The CF (Cost Insurance, Frogn value of goods IS AED 500,000. The standard rate of customs duty is 5% and the standard rate of VAT 5% Please calculate the amount of Input VAT declared by Al & CO in Is VAT tax retums for the action in the month of February 2021