The tax credit note shall contain the following data:

1. The phrase 'Tax Credit Note' clearly displayed on the invoice.

2. The name, address, and tax registration number of the registrant making the supply.

3. The name, address, and tax registration number of the recipient of goods or recipient of services where he is a registrant.

4. The date of issuing the tax credit note.

5. The value of the supply shown on the tax invoice, the correct amount of the value of the supply, the difference between those two amounts, and the tax charged that relates to that difference in AED. [In the event multiple credit notes are issued in relation to the same tax invoice, the supply value stated in the tax invoice in the subsequent tax credit note shall be the value altered in accordance with the previous tax credit note.] ^[G83]

6. A brief explanation of the circumstances giving rise to the issuing of the tax credit note.

7. Information sufficient to identify the supply to which the tax credit note relates.

If, on application by a registrant, the Authority considers that there are or will be sufficient records available to establish the particulars of any supply or class of supplies, and that it would be impractical to require that a tax credit note be issued by the registrant, the Authority may determine any of the following, subject to any conditions that the Authority may consider necessary:

1. Any one or more of the particulars specified in Clause (1) of this Article shall not be contained on a tax credit note.

2. A tax credit note is not required to be issued.

The registrant may issue a tax credit note by electronic means provided that:

1. The registrant shall be capable of securely storing a copy of the electronic tax credit note in compliance with the record keeping requirements.

2. The authenticity of origin and integrity of content of the electronic tax credit note shall be guaranteed.

If a recipient of goods or recipient of services agrees to raise a tax credit note on behalf of a registrant Supplier in respect of a supply of goods or services, that document shall be treated as if it had been issued by the supplier if the following conditions are met:

1. The recipient of goods or recipient of services is a registrant.

2. The supplier and the recipient of goods or recipient of services agree that the supplier shall not issue a tax credit note in respect of any supply to which this Clause applies.

3. The tax credit note shall contain the particulars required under Clause (1) of this Article.

4. The phrase 'tax credit note created by buyer' shall be clearly displayed on the tax credit note.

If a tax credit note is issued pursuant to Clause (4) of this Article, any tax credit note issued by the supplier in respect of that supply shall be deemed not to be a tax credit note.

If an agent who is a registrant makes a supply of goods and services for and on behalf of its principal, that agent may issue a tax credit note in relation to that supply as if that agent had made the supply, and provided that the principal shall not issue a tax credit note [and the following requirements are met:

1. The agent shall maintain sufficient records to identify the name, address, and tax registration number of the principal supplier.

2. The principal supplier shall maintain sufficient records to identify the name, address, and tax registration number of the agent.] ^[G84]

If approval has been granted by the Authority under Clause (2) of this Article, that approval may be withdrawn at any time where the Authority considers that the conditions of that approval have not been met.

[Where a Registrant is required to issue a Tax Credit Note in a form of an Electronic Credit Note pursuant to Clause 4 of Article 70 of the Decree-Law or where the Registrant issues a Tax Credit Note in the form of an Electronic Credit Note on a voluntary basis, Paragraph (e) of Clause 1, Clauses 2 and 3 of this Article and any other Clause as determined in a decision issued by the Minister shall not apply.]^[G95]