The UAE VAT Decree-Law No (8) of 2017 defines a Tax Credit Note as a “written or electronic document in which the occurrence of any amendment to a Taxable Supply that reduces or cancels the same is recorded and the details pertaining to it”. As per the Law, a VAT-registrant is required to issue an original Tax Credit Note when a reduction in Output Tax happens in relation to any supply made by the registrant.
Source: jcauaeaudit.com
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