Page 16 - ICAI UAE TAX UPDATE_October 2024
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Clause 6 Effective from November 15,
2024
Where an agent who is a Registrant makes a supply of
Goods and Services for and on behalf of the principal of that
agent, that agent may issue a Tax Credit Note in relation to
that supply as if that agent had made the supply, provided
that the principal shall not issue a Tax Credit Note, subject
to:
a. the agent retaining sufficient records in such a manner
as to determine the name, address and Tax Registration
Number of the principal supplier, and
b. the principal supplier retaining sufficient records in
such a manner as to determine the name, address and Tax
Registration Number of the agent.
16 www.icaidubai.org
UAE TAX UPDATE NEWSLETTER ISSUE 07 - October 2024
