The UAE Ministry of Finance revealed details of the CTC e-invoicing framework at the 2024 Dubai E-invoicing Exchange Summit. The UAE has opted for the DCTCE or 5-corner model, using Peppol specifications, and intends to establish its own Peppol Authority. The initial scope will include B2B and B2G transactions, with B2C transactions to be considered in the future. The Ministry has no plans to develop an e-invoice portal for SMEs, and Accredited Service Providers (SP) will fulfill this role. Further announcements and clarifications are expected according to a schedule, with the rollout strategy planned for December 2025. If you want to learn more about the 5-corner model, you can read the Peppol CTC Reference Document or check out the Peppol blog on Peppol CTC.
Source Pagero
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
Latest Posts in "United Arab Emirates"
- RTC Webinar: UAE e-Invoicing: A Corporate Perspective on the Mandate and Opportunities, 25 September | 4 – 5 PM (Dubai)
- FTA Publishes Guidance EXTP012 on Shifting to Tiered Volumetric Excise Tax for Sweetened Drinks
- UAE MoF Issues New Rules on Free Zone Corporate Tax Activities, Effective June 2023
- UAE’s PINT AE v1.0.1 Released: Key Step Towards Mandatory E-Invoicing by 2026
- VAT Responsibilities and Treatment for Imported Goods on Behalf of Another in UAE
