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UAE VAT invoice update

  • Sep 11, 2018 | Richard Asquith

UAE VAT invoice update

The United Arab Emirates’ Federal Tax Authority has published VAT invoice guidance. This covers:

  • VAT invoices must be provided to customers for all taxable supplies;
  • Full invoice must detail for each line item the VAT and net values per supply;
  • Simplified invoices need not split out the net VAT amount where multiple supplies are made;
  • Foreign currency invoices must detail the VAT due in AED, including the exchange rate applied; and
  • Where rounding of amounts is performed, this should be at Fils to two decimal places.

VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He can be contacted at: richard.asquith@avalara.com. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.