Tax invoice sample12/11/2023 ![]() ![]() A tax invoice issued by suppliers is also very important for recipients of the supply, as the tax invoice serves as the basis for recovering input tax on a supply. It is very important for registrants to issue complete and VAT compliant tax invoices, containing all the information which is required to be specified under the VAT law. In case the supply is of used goods, a reference to the fact that VAT is charged on the profit margin on the supply should be given and the invoice should not show the amount of tax charged In cases where the customer is required to self-account for tax on the supply, the customer’s Tax Identification Number and a statement that the customer must account for the tax In case the tax is not charged at the basic rate, a narration explaining the tax treatment applied to the supply The date on which the supply took place if it is different from the date of issue of the tax invoice ![]() Case-specific details to be specified in a tax invoice Note that in addition to the details shown in the sample format above, which are applicable to most types of supplies, the following additional case-specific details will need to be provided, based on the type of supply. Also, the amounts in the tax invoice should be shown in Riyals. Note that a tax invoice issued under Saudi VAT should be in Arabic, in addition to any other language as a translation. This is a tax invoice generated from Tally.ERP 9. On 5th May ’18, Barak Electronics issues the tax invoice for the supply to Hussein Mobiles. Scenario: On 25th April, ’18, Barak Electronics supplies 50 mobile phones SAR 100 to Hussein Mobiles. In this article, let us see a sample format of a VAT invoice to be issued in KSA. In the article 'VAT invoice in Saudi Arabia' we learned all about tax invoices, including the details that are mandatory to be mentioned in a tax invoice. Case-specific details to be specified in a tax invoice. ![]()
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |