VATupdate

Share this post on

UAE e-Invoicing: A New Digital Era for Tax Compliance

  • Introduction of e-Invoicing Framework: The UAE has announced a new e-Invoicing framework set to be implemented starting July 2026, aimed at enhancing tax compliance and efficiency through a Peppol-based Continuous Transaction Controls (CTC) system. This framework will initially focus on business-to-business (B2B) and business-to-government (B2G) transactions, excluding business-to-consumer (B2C) transactions.
  • Implementation Timeline and Business Requirements: A phased implementation process is established, with key milestones including the accreditation of UAE service providers beginning in Q4 2024 and the release of final technical documentation in Q2 2025. All VAT-registered businesses, as well as non-VAT registered entities conducting taxable activities, must comply with the e-Invoicing requirements.
  • Structured Data and Invoicing Scenarios: The e-Invoicing system will utilize the PINT AE Data Dictionary to ensure consistency and compliance across invoicing practices. It identifies 16 invoicing scenarios, each with specific data requirements, necessitating that businesses align their invoicing processes accordingly to avoid rejections and ensure proper categorization.

Source RTC


Click on the logo to visit the website


 

Sponsors:

Pincvision
VATIT Compliance
VAT news

Advertisements:

  • VATAi