The UAE FTA issued a Public Clarification on Tax Invoices (VATP006) which prescribes the requirements of a tax invoice and the circumstances in which one must be issued.
The Public Clarification specifically enumerated the following requirements on tax invoices:
The UAE FTA updated the VAT user guide from its website. The amendments include the (1) terms used in the VAT user guide; and (2) procedures and certain amendments of the VAT registration which requires approval from the FTA.
For further details on amending the VAT registration, you may refer to page 17 of the updated VAT user guide.
The UAE Cabinet approved the “Cabinet Decision No. (41) of 2018 – Introducing the Tax Refunds for Tourist Scheme”, which was issued last 24 July 2018. The said Cabinet Decision provides the following mechanism of the Tourist Refund Scheme (the “Scheme”):
The Chairman will issue a decision determining the date of Scheme will come into effect which shall be no later than 1 January 2019. The Chairman will also issue a decision to determine the minimum value for refund claim.
On the other hand, the Authority may also issue further guidance on the requirements, including procedural, evidential, verification, documentation and record-keeping requirements, which need to be met by the Tourist, the Retailer, the Operator, and any other person for the Scheme to apply.”
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