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Document Type: Tax Law Article
Law: VAT (FDL No 8 of 2017)
Article Number: 63
Country: 🇦🇪 UAE
Location: Part 7 - Calculation of the Due Tax › Chapter 4 - Adjustment of Tax after the Supply Date
Order: 63

Article 63 - Adjustment due to the Issuance of Tax Credit Notes

Part 7: Calculation of the Due Tax

Part 7: Calculation of the Due Tax

Chapter 4 - Adjustment of Tax after the Supply Date

Article 63 - Adjustment due to the Issuance of Tax Credit Notes

Without prejudice to Clause (2) of Article 62 of this Decree-Law, if the registrant issues a Tax Credit Note to correct output tax charged to the recipient of goods or recipient of services, the tax stated in the Tax Credit Note shall be considered as:

  1. A reduction of the output tax for the registrant of this tax credit note.

  2. A reduction of the Input Tax by the recipient of goods or recipient of services for the Tax Period during which the tax credit note was received.