Tax invoices are available to all customers onboarded to our regional entities (Foris DAX Middle East - UAE and Foris GFS Bahrain - Bahrain). Under applicable tax legislation -including Article 69 of UAE Federal Decree-Law No. (8) on Value Added Tax and Article 40 of Bahrain Decree-Law No. (48) of 2018 on Value Added Tax (along with related FTA and NBR regulations) - registered entities are legally obligated to express tax details and total amounts in local currency (e.g., UAE Dirhams / AED or Bahraini Dinars / BHD) on every official invoice issued, regardless of the customer's geographic location.
Why do I receive a tax invoice issued in local currency?
Whether you are located locally or internationally, as long as you are onboarded to our UAE or Bahrain entities, you will receive invoices issued in the respective local entity's currency (AED or BHD). The tax invoice is always issued in the local currency regardless of your payment currency.
What is the Value Added Tax (VAT) rate?
Based on your residency status and the entity you are onboarded with, the applicable VAT will be reflected on your tax invoices:
UAE resident customers: 5% VAT
Bahrain resident customers: 10% VAT
Non-UAE / Non-Bahrain resident customers (International): 0% VAT