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The government of the United Arab Emirates (UAE) is making significant strides towards the widespread introduction of B2B e-invoicing by 2026. This initiative aims to ensure enhanced efficiency, transparency, and compliance within the business community.
A Decentralized Approach to Continuous Transaction Controls (CTC)
In line with global best practices, the UAE government is adopting a decentralized approach to Continuous Transaction Controls (CTC). This strategy leverages Peppol (Pan-European Public Procurement Online) as its foundation, providing a robust framework for the electronic exchange of procurement documents, including e-invoices.
Provisional Implementation Timeline
The implementation of the e-billing system is structured around a phased timeline, although these dates remain provisional and subject to change. Here is a detailed look at the potential milestones:
- 2024 (Third Quarter): Development of Requirements and Certification Procedures
- 2025 (Second Quarter): Publication of E-Invoice Legislation
- December 2025: Pilot Phase Begins
- July 2026: Phase 1 Go-Live of Business-to-Business (B2B) and Business-to-Government (B2G) E-Invoicing
The UAE's strategic plan to implement a comprehensive e-billing system by 2026 highlights its dedication to advancing digital infrastructure and fostering economic progress. By adopting a decentralized CTC approach and leveraging Peppol, the UAE is positioning itself as a leader in the digital invoicing landscape. As the country prepares for this significant change, businesses must take proactive steps to embrace e-invoicing, ensuring they are well-equipped to reap the benefits of this transformative initiative.
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