The UAE tax authority has published Decision No. 7 of 2019 on Tax Invoices and Credit Notes, which states that a taxable person is allowed to issue a single tax invoice or credit note relating to different supplies, if the single document clearly displays “Tax Invoice/Tax Credit Note”.
On top of that, there are advancing plans for a ‘national VAT/tax platform across all constituencies, including B2B, B2G and B2C. Once again, Tungsten is monitoring the situation closely and working with large consulting organisations with the aim of complying with any new regulations.
To find out more about the country-specific changes happening around the World, take a look at Ruud van Hilten’s May Compliance Update which details some of the latest and greatest developments.
You can also hear more about compliance by watching Ruud van Hilten and Ellen Cortvriend from PwC discuss the impact this has on businesses and how compliance never stands still.