- UAE government launched public consultation on proposed B2B and B2G e-invoicing mandate by 2026.
- Consultation period is open until February 27, 2025.
- E-invoicing mandate aims to cover both B2B and B2G transactions.
- Initiative is part of UAE’s transition to a modern, paperless economy.
- Mandate aims to improve tax collection and reduce tax evasion.
- System will create a balanced playing field for businesses.
- Proposal adopts a decentralized CTC model, leveraging the PEPPOL model.
- UAE aims to benefit from a system that ensures efficient, secure, and transparent invoice exchanges.
- Only UAE-accredited service providers will be authorized to transmit invoice data to a central data platform.
- E-invoicing objectives include:
- Modern digital economy
- Enhanced revenue collection
- Reduction in tax gaps and evasion
- Ease of doing business
Source: marosavat.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.
