- UAE has amended its tax laws to pave the way for e-Invoicing
- The UAE Ministry of Finance has released the e-Invoicing Programme
- The aim is to achieve a digital and paperless economy, reduce tax gaps, and facilitate business operations
- The e-Invoicing system will involve the exchange of invoices in an electronic format
- The UAE e-Invoicing Model will be a Decentralized Continuous Transaction Control and Exchange system
- Technical features include regulation of interfaces between suppliers, buyers, and ASPs
- Peppol International will be used as the UAE Data Dictionary
- Companies must use accredited ASPs for e-Invoicing solutions
Source: insightplus.bakermckenzie.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.
