EBI9.2: Billing Area - UAE: Can Be Raised Client Invoices From UAE To Saudi Arabia With VAT Reverse Charge?
(Doc ID 2379680.1)
Last updated on FEBRUARY 03, 2019
Applies to:PeopleSoft Enterprise SCM Billing - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.
Q: Can be set a new VAT treatment for GCC transactions, as there is for EU transactions?
- Customer is a service company and needs to raise UAE client invoices from UAE to Saudi Arabia with VAT reverse charge mechanism starting with 1/1/2018.
- Gulf VAT affects countries in the Gulf Region, called the GCC (These countries are: UAE, Saudi Arabia, Qatar, Yemen, Oman, Kuwait and Bahrain).
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