- UAE Ministry of Finance published an e-Invoicing public consultation paper on 06/02/2025.
- The paper includes a proposed UAE e-Invoicing data dictionary.
- The e-invoicing regime is applicable to businesses operating in the UAE regardless of their VAT registration status.
- Exempt, zero-rated, and out of scope transactions for VAT are also caught by the e-invoicing regime.
- The proposed rules are expected to have a significant impact on businesses in the financial services industry.
- The proposed rules may conflict with global standards and current tax policy.
- The proposed rules may require significant operational changes for banks and other financial institutions.
Source: alvarezandmarsal.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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