- The UAE Ministry of Finance issued Ministerial Decisions No. 243 and 244 to implement the e-Invoicing system.
- Amendments to the UAE VAT Executive Regulation include new requirements for tax invoices and credit notes.
- Certain transactions are excluded from the e-Invoicing system, such as government and international airline services.
- Businesses can voluntarily participate in the e-Invoicing system, with Accredited Service Providers facilitating services.
- A phased implementation plan includes a Taxpayer Working Group and a Pilot Programme.
Source: insightplus.bakermckenzie.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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