Responsibilities in Reverse Charge

Home Forums VAT in UAE Responsibilities in Reverse Charge

This topic contains 1 reply, has 2 voices, and was last updated by  VatExpert 2 weeks ago.

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  • #3917

    Kapil
    Participant

    What are the responsibilities of buyers and sellers under the reverse charge mechanism?

    #3943

    VatExpert
    Participant

    Buyers and sellers should make sure they adhere to the following rules:
    • Every registered business owner must keep proper records of their supplies that incur reverse charge.
    • Invoices, receipt vouchers, and refund vouchers must all specify whether the tax payable for that particular transaction is through reverse charge.

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