- The UAE Ministry of Finance (MoF) announced plans for the E-Billing System on 14 February 2024, which includes coupling CTC Reporting with an e-invoicing mandate.
- The mandate employs a Decentralized Continuous Transactions Control and Exchange (DCTCE) five corner model, facilitating the movement of electronic invoices between certified service providers of trading entities to a centralized platform managed by the Tax Authority.
- The mandate initially covers B2B and B2G transactions, with potential inclusion of B2C transactions in the future.
- The UAE will establish its own Peppol Authority and leverage Peppol PINT as format, similar to other non-EU Peppol jurisdictions.
- The timeline for the regulatory process includes service provider certification requirements and procedures in Q3 2024, e-Invoicing Legislation in Q2 2025, roll-out strategy in December 2025, and Phase 1 in July 2026.
- The UAE becomes the third CTC jurisdiction in the Gulf region, joining Saudi Arabia and Israel, each implementing different frameworks.
Source Sovos
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