Each and every Tax Invoice issued by the VAT registered businesses must contain certain mandatory details. This checklist will be useful for all registered suppliers to issue accurate and FTA compliant Tax Invoices. This will also be useful for registered recipients of supply to ensure that the Tax Invoices received are competent for the Input Tax recovery.
Checklist as per VAT Law:
The words ‘Tax Invoice’ should be clearly displayed
Name, address, and TRN of the supplier
Name, address, and TRN of the recipient
A sequential Tax Invoice number must be a unique number that enables identification of the Tax Invoice and the order of the Tax Invoice in any sequence of invoices.
Date of issuing the Tax Invoices.
Date of supply, if different from the date of issue of the Tax Invoice.
Description of the goods or services supplied.
For each good or service, the unit price, quantity or volume supplied, rate of tax, and the amount payable in AED should be given.
Amount of discount given, if any.
The gross amount is payable in AED.
Where the currency is converted from a currency other than UAE Dirham, the Tax amount payable in AED along with the rate of exchange applied should be mentioned, and the supply is to another GCC VAT implementing State, the following details are required:
a) The TRN of the recipient in the other state.
b) A statement identifying the supply between UAE and the VAT implementing State.
Where the supply is a wholly Zero-rated supply, a Tax Invoice is not required to be issued, if there are or will be sufficient records to establish the particulars of the supply.
A Tax Invoice can be issued by electronic means provided:
a) The supplier should be capable of securely storing a copy of the electronic Tax Invoice according to the record-keeping requirements.
b) The authenticity of origin and integrity of the content of the electronic Tax Invoice should
Legal Disclaimer: The above guideline has been published for information purposes only; for a full overview please refer to www.tax.gov.ae. For a detailed discussion and professional advice, feel free to contact us or visit our website www.hmaa.ae