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VAT in UAE: How to prepare VAT Invoices?

VAT is implemented in the UAE with from 1st January 2018. VAT Registered business owners need to know about how VAT Invoices should be maintained for every businesses in UAE as per the latest information by the FTA.

FTA has two kinds of inovices for VAT in the UAE. Supply for less than the specified amount and supply for more than the specified amount. First one will be considered to maintain a simplified VAT invoice for supermarkets and retail industry. Second one is to make a detailed invoice.

1. VAT invoice for supply less than the specified amount should consider:

- “tax invoice” in a prominent place

- Name, address & TRN of supplier

- Date of issue

- Description of goods or services

- Total amount payable

- Total VAT chargeable

2. VAT invoice for supplies above than the specified amount should consider:

- “tax invoice” in a prominent place

- Name, address & TRN of supplier

- Name, address & TRN of recipient (where they are a registrant)

- A sequential or unique identifying number

- Date of issue

- Date of supply if different to the date of issue

- Description of goods or services

- Unit price, quantity or volume supplied, rate of tax and amount payable in AED

- Value of any discount offered

- Gross value payable in AED

- Tax amount payable in AED

- Statement relating to reverse charge if applicable

SME Business Management Consultancy offers VAT/TAX Services in UAE to the customers by giving proper guidance and assistance to comply with the new VAT/TAX provisions in the UAE.