The Ministry of Finance of the United Arab Emirates (MoF) has announced the launch of the E-Billing System on February 14, 2024. The system will combine Continuous Transactions Control Reporting with an e-invoicing mandate using a model called Decentralized Continuous Transactions Control and Exchange (DCTCE). Only authorized service providers will be allowed to send data to a centralized platform managed by the Tax Authority. The mandate will initially focus on Business-to-Business (B2B) and Business-to-Government (B2G) transactions, with potential extension to Business-to-Consumer (B2C) transactions in the future. The UAE will establish its Peppol Authority following the Peppol PINT format, with certification requirements for service providers and the introduction of e-Invoicing Legislation in 2025. The roll-out strategy will be implemented in December 2025, with Phase 1 deployment scheduled for July 2026.
Source SNI
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