- UAE businesses urged to prepare for eInvoicing by July 2026 deadline
- Dhruva Consultants emphasizes the need for digital compliance
- New system will change how tax data is reported and enforced in real-time
- Legislative updates begin in Q2 2025, with full implementation by July 2026
- eInvoicing involves structured XML-based invoices through accredited providers
- Model inspired by successful implementations in other economies
- Includes B2B and B2G transactions, extending to non-VAT registered businesses
- Financial services, real estate, and designated zones will be monitored in real-time
- Businesses advised to assess data readiness and review internal systems
- Errors in reporting can lead to audits and penalties
- Long-term benefits include automation of VAT filing and improved refund processes
- Dhruva offers support through advisory, technology, and policy insight
Source: zawya.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.
