The Acknowledgement of Receipt of Payment is a critical document used in the United Arab Emirates to formally confirm the receipt of funds and provide legally valid evidence of payment completion. This document is essential in both commercial and civil transactions, serving as proof of payment under UAE Federal Law No. 5 of 1985 (Civil Code) and Federal Law No. 18 of 1993 (Commercial Transactions Law). It typically includes specific details about the payment, such as amount, date, method of payment, and purpose, while identifying all relevant parties. The document is commonly used in business transactions, real estate dealings, contract completions, and various other scenarios where formal confirmation of payment receipt is required. When VAT is applicable, it also incorporates relevant tax information as per UAE VAT legislation. This acknowledgment provides important protection for both payers and recipients by creating a clear record of the financial transaction.

1. Date and Location: The date of acknowledgment and place of execution, essential for legal validity

2. Parties Information: Full legal names and details of the party making the acknowledgment (recipient) and the party who made the payment (payer)

3. Payment Details: Specific amount received, currency, payment method, and date of receipt

4. Purpose of Payment: Clear description of what the payment was for (e.g., invoice number, contract reference, or specific goods/services)

5. Declaration of Receipt: Formal statement acknowledging receipt of payment and that the amount has been received in full satisfaction

6. Signature Block: Space for signature, name, and designation of the authorized person making the acknowledgment