GTL Summary:

Article 69 of the regulations stipulates the mandatory currency conversion requirements for tax invoices in the UAE. When a taxable supply is denominated in a foreign currency, the value must be converted and stated in UAE Dirham (AED) on the official tax invoice. This conversion is not arbitrary; it must be executed using the specific exchange rate approved by the Central Bank of the State. The regulation further clarifies that the applicable rate is the one officially set by the Central Bank for the specific date on which the supply occurred, ensuring consistency and accuracy in tax reporting.

Document Type: Tax Law Article
Law: VAT (FDL No 8 of 2017, as amended)
Article Number: 69
Country: 🇦🇪 UAE
Location: Title 7 - Calculation of Due Tax &rsaquo; Chapter 5 - Tax Invoices
Order: 69
Last updated at: 2025-12-26 14:13:51 UTC

Title 7 - Calculation of Due Tax

Chapter 5 - Tax Invoices

Article 69
Currency Used on Tax Invoices

If the supply is in a currency other than the UAE Dirham, then for the purposes of the Tax Invoice, the amount stated in the Tax Invoice shall be converted into the UAE Dirham according to the exchange rate approved by the Central Bank of the State at the date of supply.

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