- Regulatory and Technical Compliance: The implementation of mandatory e-invoicing in the UAE requires businesses to comply with the Federal Tax Authority’s technical and legal standards, necessitating system adaptations and robust data security measures to avoid penalties.
- Real-Time Operations and System Integration: Businesses must establish reliable infrastructure for real-time invoice generation and transmission to the FTA, while also integrating their existing systems with the e-invoicing platform, including compliance with standards like Peppol.
- Cybersecurity and Cost Management: The shift to e-invoicing heightens cybersecurity risks, prompting the need for enhanced security measures. Additionally, businesses face initial costs for software and training, which may be particularly challenging for smaller companies, despite the long-term efficiencies e-invoicing promises.
Source Fintedu
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