On July 11, 2023, the MoF of the UAE announced five major strategic transformational projects for the future.
Timeline
The “e-billing System” project will have several phases and targets that are to be completed by July 2025.
Impact
The objectives of the e-billing system are to automate the procedures for filing tax returns, improve tax compliance, and reduce cases of tax evasion.
Source: www.fonoa.com
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