Article 54 - Amendment of the Tax Invoice (Credit and Debit Notes)

A. A Taxable Person shall issue a corrected document where a Tax Invoice or alternative document is amended after its issue in accordance with the following:

1. If the amount of Tax due on the Taxable Supply exceeds the amount collected by the Taxable Person, he shall issue a Debit Note and calculate the value of the additional Tax due during the Tax Period in which the under-value was identified.

2. If the Tax collected by the Taxable Person exceeds the amount of Tax due on the Supply, he shall issue a Credit Note and deduct the Tax surplus during the Tax Period in which the over-value was identified.

B. A Credit or a Debit Note must contain at least the following:

1. The words 'Credit Note' or 'Debit Note' clearly stated in accordance with the cases stipulated in Paragraph A of this Article.
2. The name, address and Registration Number of the Taxable Person.
3. The name and address of the Customer.
4. A sequential Credit or Debit Note number.
5. The date of issue of the Credit or Debit Note.
6. The number of the original Tax Invoice or original document subject to the adjustment.
7. The adjusted value of the Supply and the Tax amount to be adjusted in Dinars.