Issuing Invoices
Every taxable person must issue an invoice, or another document serving the same purpose, whenever goods are supplied or services are provided to another person.
The invoice must include, at a minimum, the following information:
- The name, address, and Ministry of Finance registration number of the supplier of the goods or provider of the services.
- The name and address of the person to whom the invoice is issued.
- A description of the goods supplied or services provided.
- The invoice serial number and date.
- The amount due for the supply of goods or provision of services.
- The amount of VAT due and the VAT rate applied.
Sample of the Required Invoice
Reference: Article 38 of Law No. 379 dated 14 December 2001 (Value Added Tax Law) .
Record Keeping
Taxpayers subject to Value Added Tax must maintain journal, inventory, and general ledger records.
For tax and fee assessment purposes, accounting records and documents may be maintained without being stamped or officially endorsed.
A taxable person must retain books, invoices, and other accounting documents for ten years from the end of the year to which those records and documents relate.
These records and documents may also be stored electronically or by using other modern technologies.
Accounting records and documents required by law must be maintained in Arabic. They may also be maintained in French or English.
References: