- UAE Ministry of Finance issued Federal Decree-Law No. 16 of 2024 amending VAT provisions
- Amendments focus on implementation of e-invoicing in UAE by Q2 2026
- Businesses encouraged to review amendments and assess readiness for e-invoicing
- New definitions added for e-invoicing system, electronic invoice, and electronic credit note
- Conditions added for input VAT recovery and issuing tax invoices in electronic format
- Amendments to definition of ‘Non-Resident Person’ and administrative penalties for failure to issue tax invoices
Source: kpmg.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.
