I invoiced a applicant in euros and mentioned the dirham bulk in the balance as per that day’s barter rate, as accustomed by the Central Bank of the UAE. I accustomed my acquittal afterwards 60 days. Since the barter bulk had changed, the acquittal was decidedly altered from the dirham bulk on the invoice. Should I pay the VAT as per the dirham bulk mentioned in the invoice, or as per the absolute acquittal received? AG, Dubai
The VAT legislation does acquiesce for registered companies to accession sales invoices in a bill added the dirham. Article 69 of the legislation states that if the accumulation is in addition currency, again the bulk declared in the tax balance should be adapted into the dirham according to the barter bulk accustomed by the Central Bank at the date of supply. This is not necessarily the date of balance or the date the acquittal was received.
The date of accumulation is covered by Article 25 of the Decree Law and is authentic as the ancient of several dates, which are: the date the appurtenances were transferred to or accustomed by the customer, the date the accouterment of casework was completed, the date the acquittal was accustomed or the date the balance was issued.
Therefore, every auction invoiced in a bill added than the dirham needs to actuate the date of accumulation and use
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