The business issues an invoice to his customers for goods or services rendered. Today, we will discuss the UAE VAT Tax Invoice format. UAE stands for the United Arab Emirates.
Previously, GCC countries were consider as tax heavens and this was the reason for their speedy nourishment.
The UAE was among the first GCC member states to publicly announce the introduction of VAT.
UAE VAT Tax Invoice Excel Template
We have create an excel template for UAE VAT Tax Invoice. You can easily issue the invoice to the customers with the help of this template.
Content of UAE VAT Tax Invoice Template
This template consists of 2 worksheets. The first one is Tax Invoice Template and the second one is the Database sheet for listing your customers.
So, The database sheet contains the list of the names of your customers. Therefore, These customers are those whom we issue the invoices for the goods supplied or services rendered.
Moreover, The Tax Invoice template contains the Performa of the Invoice.
It consists of 4 sections:
- Customer Details
- Product Details
- Other Details
The header part contains company logo, company name and heading of the invoice.
2. Customer Details
Secondly, there is the Customer details section. This section is connect with data validation and the VLOOKUP function to database sheet.
Therefore, when you select the name of customer it automatically updates the Address, phone, email, and customer id.
So, Once it is update in the database sheet you can just easily click on the button and a drop-down list will appear.
Also, On the right-hand side, enter the invoice number, invoice date, due date of payment which is set to 30 days from the date of invoice and your VAT Registration ID.
3. Product Details
Moreover, The product details section contains columns like Description, Quantity, Unit Price and Amount. Simple mathematical computations are applied. Quantity X Unit Price = Amount.
Quantity X Unit Price = Amount.
Below the product details section, there is the subtotal.
4. Other Details
Also, Other details section consists of Amount in words, Terms & Conditions, VAT computations @ 5%, Company seal, signature box and “Thank you” greeting.
It will automatically compute the % with the Subtotal amount and sum up for the final total.