United Arab Emirates

Base Details

Key	Value
Tax Country Code	AE
Currency	AED
Base Time Zone	Asia/Dubai

Tax Categories

Code	Name	Title
VAT	VAT	Value Added Tax

VAT Rates

Key	Name	Percents	Description
zero	Zero Rate	0.0%	A VAT rate of 0% applicable to specific exports, designated areas, and essential services.
standard	Standard Rate	5%	Applies to most goods and services unless specified otherwise.
exempt	Exempt		Certain goods and services, such as financial services and residential real estate, are exempt from VAT.

Correction Definitions

Auto-generation of corrective invoices or credit and debit notes is supported.

Invoice Types

The types of invoices that can be created with a preceding definition:

• credit-note