What usually appears on a tax invoice?
- Business name, address and tax number.
- A sequential invoice number and the date.
- Customer details, with their tax number if they are a business.
- Lines: description, quantity and unit price.
- Amount before tax, the VAT rate and amount, and the total.
Steps to build the invoice program
- 1Bring a real invoice
The last invoice you issued is the best description of what you want.
- 2Fix the calculation rules
Are prices tax-inclusive or before tax? Is the discount applied before VAT? Ask your accountant.
- 3Build and test with numbers
Enter three invoices whose results you already know and compare to the last decimal.
- 4Set up printing
Logo, two languages if you need them, and the paper size that suits your printer.
- 5Review it with the accountant
Before you hand the first invoice to a customer.
Saudi Arabia and the UAE in brief
| Item | Saudi Arabia | UAE |
|---|---|---|
| General standard rate | 15% | 5% |
| Official body | Zakat, Tax and Customs Authority (ZATCA) | Federal Tax Authority (FTA) |
| Where to confirm | The authority's official site or your accountant | The authority's official site or your accountant |