- Public Consultation Announcement: The UAE Ministry of Finance has initiated a public consultation regarding the data dictionary for electronic invoicing (e-invoicing), which will be open until February 27, 2025.
- Structured E-Invoice Requirements: The consultation outlines that e-invoicing involves a structured format for invoice data exchanged electronically between suppliers and buyers, which must be reported to the UAE Federal Tax Authority. It specifies that unstructured formats (like PDFs and scanned documents) do not qualify as e-invoices.
- New Standards and Requirements: The proposed e-invoicing system will require a standard tax invoice to include 50 mandatory fields—15 more than current UAE VAT regulations—reflecting the Ministry’s commitment to enhancing compliance and efficiency in business-to-business (B2B) and business-to-government (B2G) transactions.
Sources
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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