- Accreditation for Service Providers: The UAE Ministry of Finance has established accreditation requirements for service providers that will enable them to offer electronic invoicing services, essential for validating and reporting invoice data to the tax authority as part of the upcoming E-Billing System set to launch in 2026.
- Implementation Timeline and Framework: The E-Billing System will be rolled out in phases, starting with the development of requirements in late 2024, followed by the publication of e-invoice legislation in mid-2025, and the initial phase of B2B and B2G e-invoicing going live in mid-2026. The framework will adopt the Peppol model, facilitating standardized and efficient invoicing processes.
- Standardization and Compliance Goals: The initiative aims to standardize key data elements in e-invoices to ensure consistency across industries, while also gathering industry insights to refine the e-invoicing model. Compliance with electronic signature requirements and secure document storage for ten years will be mandated to support a robust and transparent tax ecosystem in the UAE.
Source Edicom
- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
