Displaying the Exchange Rate in the PDF for Foreign Currency Invoices (UAE Only)

When issuing an invoice in a foreign currency for an organization registered in the United Arab Emirates, the system ensures that the exchange rate used to calculate VAT in AED is clearly displayed. This supports transparency and compliance with the requirements of the Federal Tax Authority (FTA).

Accordingly, Wafeq displays the exchange rate used directly below the VAT Summary table in the invoice PDF file, provided certain conditions are met, as explained below.

When Does the Exchange Rate Appear?

The exchange rate line will automatically appear in the PDF file if the following conditions are met:

• The organization’s country is set to the United Arab Emirates.

• The invoice is issued in a foreign currency (such as USD or EUR).

• The invoice includes VAT.

Where Does the Exchange Rate Appear on the Invoice?

The exchange rate appears in the PDF file directly below the VAT Summary table, after the total VAT amount, in a clear format such as:

1 USD = 3.6725 AED

This represents the exchange rate used to convert VAT from the foreign currency into AED at the time the invoice was issued.

Example

If you issue an invoice in USD and apply a 5% VAT rate, the VAT will first be calculated in USD and then converted into AED based on the exchange rate recorded in the system on the invoice date.

The exchange rate used will be displayed below the VAT Summary in the PDF file to clearly indicate the basis for the VAT calculation in AED.