Tax Invoice as per UAE VAT Law

A Tax Invoice is a crucial document that must be issued by a registrant when a taxable supply of goods or services is made

The following are the contents that must be included in a Tax Invoice as per UAE VAT Law:

The title “Tax Invoice”:

Tax Invoice title must be clearly written on the top of the invoice.

Supplier’s name, office address, and Tax Registration Number (TRN):

The name, address, and TRN of the supplier must be included in the invoice.

Date of issuing the invoice:

The date of issuing the invoice must be included in the invoice.

Date of supply of services or goods:

If the date of supply of the goods or services differs from the date of the invoice,    it should be noted in the invoice.

Description of goods or services:

The description of goods or services provided must be stated in the invoice.

Unit price, quantity, and total amount:

The unit price, quantity, and total amount of the goods or services supplied must be included in the invoice.

Discounts:

Any discounts offered must be clearly stated in the invoice.

Taxable value:

The taxable value of the goods or services supplied must be included in the invoice.

Amount of VAT:

The amount of VAT charged must be included in the invoice.

Total amount payable:

The total amount payable, including VAT, must be included in the invoice.

• It is important to note that a tax invoice must be issued and delivered to the recipient of the goods or services within 14 days of the date of supply or consideration received whichever is earlier.

• If the Invoice is in foreign currency, the corresponding amount in Dirham must be mentioned in the invoice as per the exchange rate from the Central Bank of UAE.

• Failure to issue a tax invoice or including incorrect information in the invoice can result in penalties and fines. Therefore, it is essential for businesses to ensure that their tax invoices comply with the requirements of UAE VAT Law.

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