- The UAE Ministry of Finance has launched the accreditation process for e-invoicing service providers.
- Service providers can apply through a dedicated portal.
- Accreditation aims to ensure service providers meet PEPPOL standards.
- Service providers must meet formal and technical requirements.
- The accreditation process could take up to 90 working days.
- Businesses can start preparing by reviewing their transactions, automation levels, and data management.
- E-invoicing involves the electronic creation, submission, and storage of invoices.
- Invoices must be generated in a digital format, such as XML or JSON.
- Invoices must adhere to a structured data format like UBL or PINT.
- Invoices are transmitted through an Accredited Service Provider (ASP) using the Peppol Network.
- Invoices must be submitted in real-time to the e-Billing system.
- The Federal Tax Authority (FTA) securely stores the e-invoice.
- E-invoices must comply with specific formatting guidelines.
- E-invoices must be generated in digital formats such as XML or JSON.
- E-invoices should follow structured data standards, such as UBL or PINT.
Source: regfollower.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.
