1
The tax shall be reported based on the agreed consideration.
2
The FTA shall allow taxable persons on application to report on the basis of the consideration collected.
3
The form of reporting chosen must be retained for at least one tax period.
4
The FTA may require taxable persons to report on the basis of the consideration collected if:
a.
they receive, to a significant extent, considerations before they make the supply or issue an invoice; or
b.
there is reasonable suspicion that a taxable person is abusing the procedure of reporting based on agreed considerations to obtain an unlawful benefit for themselves or a third party.