UAE VAT invoice update

Wed 12th Sep 2018

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.

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