Affidavit Of Gross Sales for United Arab Emirates

Affidavit Of Gross Sales Template for United Arab Emirates

An Affidavit of Gross Sales is a legally binding sworn statement used in the United Arab Emirates to formally declare a business's gross sales figures for a specified period. This document, which must comply with UAE federal laws and emirate-specific regulations, serves as an official certification of sales figures often required for percentage rent calculations, franchise royalty payments, or other revenue-based commercial arrangements. The affidavit must be properly executed before a UAE-authorized notary public and may require additional attestation depending on its intended use.

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What is a Affidavit Of Gross Sales?

The Affidavit of Gross Sales is a crucial document in UAE business operations, particularly in scenarios where accurate reporting of revenue is contractually or legally required. This sworn statement, governed by UAE Federal Law and local emirate regulations, is commonly used in commercial lease agreements where percentage rent is applicable, franchise agreements requiring royalty calculations, or other business arrangements where revenue verification is necessary. The affidavit must include detailed sales figures for a specified period, typically monthly or quarterly, and requires formal notarization to be legally valid in the UAE. It serves as an official record that can be relied upon by landlords, franchisors, regulatory authorities, and other stakeholders to verify reported sales figures and calculate revenue-based obligations.

What sections should be included in a Affidavit Of Gross Sales?

1. Identification of Declarant: Full legal name, position, and company details of the person making the affidavit

2. Legal Authority: Statement of the declarant's authority to make declarations on behalf of the business

3. Purpose of Affidavit: Clear statement of the purpose and intended use of the affidavit

4. Time Period: Specific period for which the gross sales are being reported

5. Sales Declaration: Detailed statement of total gross sales for the specified period

6. Verification Statement: Formal declaration of the truth and accuracy of the information provided

7. Notarization Block: Space for notary's official seal and signature

What sections are optional to include in a Affidavit Of Gross Sales?

1. Sales Breakdown by Category: Detailed breakdown of sales by product or service category, used when required by specific agreements or authorities

2. VAT Declaration: Specific section about VAT collected and reported, required for VAT-registered businesses

3. Multiple Location Statement: Breakdown of sales by location, required when the business operates in multiple emirates or locations

4. Currency Declaration: Statement about currency conversion rates used, required when sales are conducted in multiple currencies

5. Exclusions Statement: Declaration of any excluded sales or transactions, used when certain sales categories are exempt from reporting

What schedules should be included in a Affidavit Of Gross Sales?

1. Schedule A - Sales Summary: Detailed monthly or quarterly breakdown of gross sales figures

2. Schedule B - Supporting Documentation: List of referenced documents used to compile the sales figures

3. Appendix 1 - Sales Calculation Methodology: Explanation of how gross sales figures were calculated and what was included/excluded

4. Appendix 2 - Certificate of Authority: Copy of document establishing declarant's authority to make the affidavit

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Publisher

Genie AI

Document Type

Affidavit

Cost

Free to use
Relevant Industries

Retail

Food and Beverage

Hospitality

Shopping Malls

Franchise Operations

Commercial Real Estate

Entertainment Venues

Service Industry

Distribution and Wholesale

Automotive Dealerships

Relevant Teams

Finance

Accounting

Legal

Compliance

Operations

Retail Operations

Franchise Management

Store Operations

Business Development

Commercial

Relevant Roles

Chief Financial Officer

Finance Director

General Manager

Financial Controller

Retail Operations Manager

Franchise Manager

Store Manager

Accounting Manager

Legal Counsel

Compliance Officer

Business Development Manager

Regional Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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