- The UAE is moving towards digitizing its economy with the introduction of an Electronic Invoicing (e-Invoicing) System starting in July 2026.
- This initiative aims to enhance tax compliance and streamline the billing process.
- The new mandate introduces a Decentralized Continuous Transactions Control and Exchange (DCTCE) model, allowing for seamless movement of electronic invoices.
- The UAE will align with global e-Invoicing standards and adopt the Peppol PINT format.
- The phased implementation will initially focus on business-to-business (B2B) and business-to-government (B2G) transactions. Accredited Service Providers (ASPs) will play a crucial role in facilitating e-Invoicing.
- This initiative marks a significant leap towards digital transformation, aiming to streamline tax compliance and reduce tax evasion.
- Businesses in the UAE should stay informed about the latest developments and consider integrating compliant e-Invoicing solutions.
Source RTCsuite
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