Due to a rise in queries related to contents of UAE VAT Tax Invoice by the business owners, UAE Federal Tax Authority recently issued VAT Public Clarification – Tax Invoices to clarify the contents as well as guidelines for issuing a simplified or full tax invoice.
Businesses must comply with the rules of tax invoice against the taxable supply made. Thus, this clarification has a great significance as complying with rules will help businesses to claim Input VAT.
VAT Public Clarification – Tax Invoices VATP006 consists clarifies when a tax invoice shall be issued and what details it should include.
In simple terms, this public clarification clarifies rules for issuance and contents of Tax invoice under Article 59 of Executive Regulations related to Contents of Tax Invoice.
This clarification covers 4 main points:
We have tried to simplify the Clarification for our readers by describing the main points out of the issued VAT Clarification on the given subject.
Let’s understand each point as clarified by FTA.
See image below for reference:
Source: www.tax.gov.ae
You can download our Dual Currency Tax Invoice Excel Template.
See image below for reference:
Source: www.tax.gov.ae
Disclaimer: The information provided above is for educational purpose and cannot be considered as a legal advice. We recommend you to consult Tax experts before making decisions. Reference to support the explanation have also been provided.
You can also download other UAE VAT templates like UAE VAT Payable Calculator, UAE VAT Multiple Tax Invoice, and Bilingual UAE VAT Invoice from our website.
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