VAT is expected to be implemented in the UAE with effect from 1st January 2018. While the VAT Registration in the UAE awaits let us get clarity on how VAT Invoices should be maintained for every business in the UAE as per the latest information by the Federal Tax Authority (FTA). According to the FTA, there will be two kinds of invoices for VAT in the UAE. Supply for less than the specified amount will be considered to maintain a simplified VAT invoice – specifically for supermarkets and retail industry. However, supply for more than the specified amount will have to make a detailed invoice.
Emirates Chartered Accountants Group offers TAX Services in the UAE to the clients by giving them proper guidance and assisting them to comply with the new TAX provisions in the UAE. For VAT Agent, VAT Registration, VAT Implementation, VAT Return Filing Services in the UAE please contact our below representative:
Note: This blog is prepared from the latest information obtained from the discussion/briefing done by the Federal Tax Authority.
Mr. Pradeep Sai
+971 – 556530001
+971 – 558892750
+971 – 508873115