Contents of UAE VAT Tax Invoice As Per the Guidelines of FTA

Contents of UAE VAT Tax Invoice As Per the Guidelines of FTA

If your taxable turnover - the value of the taxable goods and services that you sell and any imports - exceeds AED 375,000 in a 12-month period, or if you expect your taxable turnover to exceed AED 375,000 in the next 30 days, you are required to register for VAT. If your taxable turnover is less than AED 375,000, but more than AED 187,500, you can register for VAT voluntarily.

Once the Registrant must start charging tax from their customers following steps needs to be performed,

  • To define tax model - Go to Settings -> General setup -> Select tax model as “Tax inclusive “
  • To define Tax setup for shop - Next go to Settings -> Shop setup -> change tax setup to “Sales Tax”
  • To add a sales tax following steps needs to be performed - From the main menu, click Settings -> Sales Taxes -> Click + New Sales Tax -> Enter a tax name ->Enter a tax rate -> Click Save Changes.

Note: - Make sure that the prices maintained in the Lightspeed are inclusive of tax. In case the prices set are not inclusive of tax, prices need to be updated in Lightspeed.

Steps to customize sales receipt as Tax Invoice as per FTA requirement,

Before customizing your print templates, you'll need to add the Print Templates feature to your Retail account. To check if it's enabled already, from the main menu, click Settings > Print Templates. If you don't see the Print Templates section, contact our Retail Support team and they'll add it for you.

Header of the receipt should be “Tax Invoice” – Call up Lightspeed Support and ask them to make the change of the header name.

Displaying name, address, and Tax Registration Number of the Registrant - Go to Settings - > Shop Setup - > Mention all the details in either header or footer depending on the requirement of the client.

A unique Tax Invoice number showing identification of the Tax Invoice – Sequential invoice numbers are automatically generated by Lightspeed.

Date of issue of the tax invoice – Date of sales transaction will be printed.

 The complete description of goods supplied – Description maintained in the product master will be         printed.


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