- Launch of E-Billing System: The UAE government has introduced a dedicated website for e-invoicing, signaling the implementation of mandatory electronic invoicing scheduled for Q2 2026 to enhance the digital economy.
- Regulatory Framework Development: The Ministry of Finance is developing legislation to regulate electronic transactions, accounting, and storage, initially focused on B2B and B2G, with plans to expand to B2C in the future.
- Benefits of E-Invoicing: The new e-invoicing approach aims to streamline processes through simplification, standardization, and automation, allowing for near real-time invoice exchanges and improved tax reporting to the Federal Tax Authority.
- Implementation Timeline: The provisional timeline includes developing requirements and certification procedures in Q4 2024, publishing e-invoice legislation in Q2 2025, and initiating Phase 1 of e-invoicing for B2B and B2G in Q2 2026.
- Continuous Transaction Control Model: The UAE’s e-invoicing will utilize a decentralized Continuous Transaction Control model based on Peppol, requiring certified access points for the secure transmission and storage of invoices, along with mandatory electronic signatures for authenticity.
Sources
Latest Posts in "United Arab Emirates"
- UAE Announces Penalties for Non-Compliance with Mandatory E-Invoicing Starting July 2026
- UAE Amends VAT Law for 2026: Streamlined Compliance, Refund Limits, and Stronger Anti-Evasion Measures
- UAE Amends VAT Law to Enhance Transparency, Efficiency, and Strengthen Tax Compliance from 2026
- UAE to Amend VAT Rules from January 2026 to Simplify Tax Procedures and Boost Compliance
- UAE to Launch Mandatory Peppol E-Invoicing and E-Reporting for B2B/B2G from 2027
