31 July 2023
From July 2025, the United Arab Emirates (UAE) Ministry of Finance is proposing to implement a new mandatory real-time payment and e-invoicing regime for business-to-business transactions.
If implemented, the Ministry of Finance will develop an advanced electronic billing system, which will allow companies to issue their invoices. The data collected from issuing invoices in this way will then be used to populate and file tax returns automatically.
It's hoped that the introduction of this regime will improve tax compliance and reduce VAT fraud in the country.
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