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What is  Simplified tax invoice and Standard tax invoice

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

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