- The UAE Ministry of Finance announced the launch of a new e-invoicing system for businesses.
- Businesses can use the EmaraTax system to select an accredited service provider (ASP).
- Companies must sign a commercial agreement with an ASP to onboard and exchange e-invoices.
- The system’s tax reporting feature will be available before the July pilot phase.
Source: news.bloombergtax.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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