UAE Companies Urged to Prepare for VAT E-Invoicing by July 2026 Deadline

• UAE companies need to prepare for VAT e-invoicing by July 1, 2026.
• The introduction of e-invoicing will likely be phased, possibly in four stages.
• Businesses can volunteer for a phase, but details are unclear.
• Larger companies are expected to be among the first to implement the system.
• All VAT-registered businesses must use e-invoicing for transactions with other registered entities.
• The Federal Tax Authority will license service providers for e-invoicing.
• Businesses must map their accounting software to these providers.
• Providers will validate invoices, inform the FTA, and record transactions.
• Questions remain about data traffic management and cost structures.
• Businesses may face fees per document or subscription costs.
• E-invoicing requires uploading 13 aspects of a tax invoice.
• The technology used is Peppol, allowing data mirroring with other countries.
• Large companies face challenges with VAT on incidental travel costs.

Source: thenationalnews.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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