{"id":101915,"date":"2025-03-21T00:00:00","date_gmt":"2025-03-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/finmin-rolls-out-standardized-accreditation-framework-for-its-e-invocing-system\/"},"modified":"2025-03-21T00:00:00","modified_gmt":"2025-03-21T00:00:00","slug":"finmin-rolls-out-standardized-accreditation-framework-for-its-e-invocing-system","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/03\/21\/finmin-rolls-out-standardized-accreditation-framework-for-its-e-invocing-system\/","title":{"rendered":"FinMin rolls out standardized accreditation framework for its e-invocing system"},"content":{"rendered":"

Gov\u2019t achieves breakthrough in e-invocing system:<\/strong> The Finance Ministry has issued a new mi<\/a>nisterial decision (pdf)<\/a> that establishes a \u201cunified, secure, and standardized framework for accreditation and compliance\u201d in its e-invoicing system, state news agency Wam reports<\/a>. The new accreditation system aims to ensure that all e-invoices and credit notes are issued in structured electronic formats that \u201cenable automatic and electronic processing.\u201d<\/p>\n

Refresher: <\/strong>The Finance Ministry has been gearing up<\/a> to launch an e-invoicing system in 2026 after amending tax and VAT regulations. The new system aims to streamline invoicing processes for businesses and government entities, enabling immediate exchanges and tax reporting to the Federal Tax Authority (FTA). Businesses will be required to issue invoices and credit notes electronically and maintain digital records as part of a phased rollout, which is set to launch its first phase in 2Q 2026.<\/p>\n

Accreditation will be granted for a renewable two-year period,<\/strong> with any failure to comply or fulfill renewal conditions possibly resulting in the revocation of accreditation and a two-year ban on reapplying.<\/p>\n

The accreditation system also outlines<\/strong> obligations for service provider compliance<\/strong>, tax registration commitments, information security requirements and self-declaration requirements.<\/p>\n

What\u2019s next?<\/strong> The ministry is set to issue legislation updates in 2Q 2025, ahead of the launch of the first phase of the system in 2Q 2026, according to the Finance Ministry website<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The new system aims to streamline invoicing processes for businesses and government entities<\/p>\n","protected":false},"author":1,"featured_media":101916,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1626],"tags":[463,1379],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-101915","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax","tag-federal-tax-authority","tag-tax","wpautop","entry"],"acf":{"mongo_id":"1ccc6f97-a9c1-4d5c-9bfe-cb44e5acf8b6","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/6\/1724.jpg","photo_position":"above","homepage_title":"","full_issue_title":"FinMin rolls out standardized accreditation framework for its e-invocing system","related_issue":[101905],"teaser":"The new system aims to streamline invoicing processes for businesses and government entities","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.bbfcdfaf-69a5-477e-895c-a25680835bf9.mp3"},"yoast_head":"\nFinMin rolls out standardized accreditation framework for its e-invocing system - 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