The Ministry of Finance (MoF) has announced the issuance of two Ministerial Decisions outlining the scope of obligations and the timelines for implementing the Electronic Invoicing System in the UAE. These decisions mark a significant step in the country’s digital transformation, aimed at enhancing efficiency, transparency, and compliance in business transactions.
The first decision clarifies that the Electronic Invoicing System applies to all businesses operating in the UAE for business-to-business (B2B) and business-to-government (B2G) transactions, with certain exclusions. However, even in excluded cases, businesses may voluntarily issue, send, share, exchange, and report electronic invoices and credit notes.
To ensure a smooth rollout, both issuers and recipients of invoices will be required to appoint an Accredited Service Provider (ASP). The Ministry will release a list of approved providers in due course. Under the new rules, an electronic invoice must be issued and transmitted for every business transaction, while an electronic credit note must be generated for cancellations, partial or full refunds, reduced consideration, or in cases of errors. Both parties must meet their obligations through their appointed ASP, and invoices must include all data fields and particulars specified by the Ministry of Finance.
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