Dear Team,
Could you please clarify the XML treatment for third-party billing scenarios?
For example, Al Bahar Real Estate LLC is purchasing commercial real estate in KSA from a private individual who is VAT registered in KSA. The purchase is facilitated through Essam Real Estate Broker, but the transfer of ownership and payment occurs directly between the taxable supplier and the customer. The agreement between the private owner (taxable supplier) and the broker specifies that the broker is responsible for issuing the tax invoice on behalf of the private individual. The broker, therefore, may issue the invoice as a third party on behalf of the supplier to the customer.
In this case, Essam Real Estate has an EGS onboarded with their VAT registration. With Third party tag enabled, what should be the values for Seller and buyer details in the XML.
Alternatively, should Essam Real Estate onboard another EGS with “Private Individual” VAT registration number? If so,what should be the seller and buyer details in the XML.