Simplified Tax Invoice UAE Explained with Example

Simplified Tax Invoice UAE Explained with Example

In the United Arab Emirates (UAE), a simplified tax invoice is a document that a registered business issues to its customers for taxable supplies of goods or services. The simplified tax invoice must include the following information:

  1. Name, address, and tax registration number of the business
  2. Date of the invoice
  3. A unique invoice number
  4. Description of the goods or services being supplied
  5. Quantity and unit price of the goods or services
  6. The value of the taxable supply in AED
  7. The applicable VAT rate and amount
  8. The total amount payable, including VAT

Here is an example of a simplified tax invoice in the UAE:

Simplified Tax Invoice

Date: 01/01/2022 Invoice No.: 123456

Supplier: ABC Company Tax Registration No.: 123456 Address: 123 Main Street, Dubai, UAE

Customer: XYZ Company Tax Registration No.: 987654 Address: 456 Main Street, Dubai, UAE

Description Quantity Unit Price (AED) Value (AED) VAT Rate VAT Amount (AED) Total (AED)
Goods 1 500 500 5% 25 525
Services 1 1,000 1,000 5% 50 1,050

Total: 1,550

Please note that this is just an example and the details and amounts may vary depending on the specific circumstances of the transaction.