The fundamentals of VAT in the UAE
Record VAT documents
What should VAT-registered businesses keep a record of?
Businesses that are VAT registered must maintain a record of the following documents for at least 5 years from the date of the transaction:
- Tax invoices
- Bills
- Receipts of tax invoices
- Credit notes
- Debit notes
VAT compliant documents in Wafeq
In Wafeq you can create tax invoices, bills, credit notes, and Wafeq will automatically generate the VAT return for you in the correct format.