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VAT Invoice Solution

We are the leading specialist in the world of Information and Communications Technology.

VAT Enabled Invoice Solution

VAT (Value Added Tax) is expected to be implemented in the UAE (United Arab Emirates) with the effect from the 1st January 2018. We have enabled VAT as part of our smart invoice solution, inline with the VAT implementation in UAE. Our VAT enabled invoice solution helps organizations to raise VAT invoices to their customers, receive online payment and track the VAT payments effectively. And we helps to store the VAT invoices, and mandatorily keep the VAT invoice for 5 years. Our invoice solutions also has the online payment capabilities.

According to the FTA (Federation of Tax Administration), 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.

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The VAT invoice for supplies above than the specified amount should consider the below:

  • “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

Simplified VAT invoice for supply less than the specified amount should consider the below

  • “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