UAE - VAT Invoice Clarification

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A significant number of UAE businesses have been seeking clarity about the exact requirements of a valid VAT invoice and the circumstances in which one must be issued. Consequently, the UAE Federal Tax Authority issued a public clarification on 9 September 2018, containing detailed VAT invoice guidance.

The main specifications are:

- In all cases where a taxable supply is made, a tax invoice must be issued and delivered to the recipient

- Where full tax invoices are issued, line items have to show the tax value and net value, but it is not mandatory to show the gross value

- Where simplified tax invoices are issued, there is no requirement to show the net value for each item purchased

- Tax invoices issued in a foreign currency must show the tax amount converted to AED and the exchange rate used for the conversion

Should you require any VAT assistance in the UAE, or require any international VAT assistance, please contact us.

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