If your customer is not registered for VAT , then in that case what type of TAX INVOICES we will issue ?
Yes. We can choose a Simplified tax invoice in that case.
What is simplified tax invoice?
A Simplified tax invoice has fewer administrative requirements than a standard tax invoice .It can be issued instead of a normal tax invoice if it is relates to Either a supply made to a recipient that is not VAT registered or a supply made to a VAT registered recipient but the consideration for the supply is less than AED 10000.
A simplified tax invoice must contain the following
The word “TAX INVOICE” must clearly written on the invoice
Name, address and Tax registration Number of the supplier
Date of issue of the tax invoice & invoice ref number
A description of the goods or services supplied
The total Consideration and Tax charged.
#FTA #UAETAX #VAT #PARTTIME_ACCOUNTING #VATDEREGISTRATION #TAXGROUP #SIMPLIFIED_TAXINVOICE
Call our expert team:
Ph : +971 58 506 8840
Email: info@adsauditors.ae