UAE VAT Multiple Tax Invoice is an invoice used for goods or services of multiple tax rates taxable(5%), nil(0%) rated or exempt all in one invoice.
Usually, traders deal with goods and services of all kinds. Some of them are taxable and some are non-taxable. Such supply is called a mixed supply.
The best example of it is a gold and jewelry shop. When you gold bar of 99% or above purity, VAT will be 0%. In the same invoice, if a customer purchases some kind of jewelry, VAT will be 5%.
UAE has implemented VAT with effect from 1st January 2018. Businesses that fall under the threshold are preparing for VAT.
To download the Executive Regulations from the UAE Ministry of Finance click on the link below:
To download the same Executive Regulations from our website click the link below:
We have created the UAE VAT Multiple Tax Invoice in Excel with predefined formulas. Businesses making supplies of goods or services or both can use this template to issue an invoice to their customers.
Just enter your company details in the heading section and start using it.
You can also use this template for Saudi Arabia. Change the country to Saudi Arabia instead of UAE and it will automatically change the currency at all places on the invoice.
Let us discuss the contents of the template in detail.
Contents of UAE VAT Multiple Tax Invoice Template
UAE VAT Multiple Tax Invoice template consists of 2 sheets:
- UAE VAT Multiple Tax Invoice
- Customer Database
The customer database consists of relevant details of customers like company name, address, contact details, and VAT numbers, etc. Just input the names and details once.
Customer Database linked to the UAE VAT Multiple Tax Invoice template. You can fetch all customer information on the invoice with the help fo the dropdown list. It is configured using the VLOOKUP function.
The UAE VAT Multiple Tax Invoice consists of 4 sections:
- Supplier’s Details
- Customer’s Details
- Product Details
- Billing Summary and Other Details
1. Supplier’s Details
This section consists of supplier’s details like company name, company logo, company address, TRN number, invoice title as “Tax Invoice” etc.
It is mandatory to mention your TRN (Tax Registration Number/VAT Number) on the invoice.
2. Customer Details
Customer’s details include name, VAT/TRN number, address, phone number, email address, etc of the customer.
In addition to that this section on the right-hand side consists of Invoice number, Date and bill Due Date.
3. Product Details
Usually, product details consist of the product description, quantity, unit price and amount. As here there are multiple tax rated items, the tax percentage is mentioned after the taxable value.
If each item/product has a different tax percentage it will be easier to calculate the VAT amount on each item. To the extreme right is the “Total Amount”. This is the line total.
The formulas used here are as below:
- Taxable Value = Quantity X Unit Price
- VAT Amount = Taxable Value X VAT Percentage
- Total = Taxable Value + VAT Amount
In the end, the column totals for taxable value, VAT amount and Total are given. These totals will be used in the billing summary section.
4. Billing Summary and Other Details
In billing summary and other details section, there are miscellaneous items like “Amount in Words”, Terms & Conditions, Business greeting, space for company seal and authorized signatory and the billing summary.
Billing Summary is as below:
Total Taxable Value + Total VAT Amount – Discounts(if applicable) = Invoice Amount.
In the discounts section if the discount is in percentage then enter the percentage in the white box beside discount cell. If it is an amount, then enter the amount manually.
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