- UAE VAT law amended to include electronic invoices
- Changes driven by upcoming e-invoice mandate
- First time VAT law includes electronic invoice and credit note definitions
- Ministry of Finance to regulate electronic invoices
- Updated definitions for tax invoice and credit note
- New definitions for billing system and electronic invoice/credit note
- Revised articles on recovering input tax, issuing tax invoices, and tax credit notes
- Aim to streamline VAT processes and enhance compliance through electronic systems
- Further regulations to specify requirements for issuance of electronic invoices.
Source: sovos.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.
