9 Hrs
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Sharjah24
Finance Ministry updates invoicing system
The UAE Ministry of Finance has decided to amend the electronic invoicing system to ease the burden on the business sector. Transactions of companies within the tax group have been exempted from the system for a period of 24 months starting from January 2027, providing companies with greater flexibility to adapt. Additionally, the amendments abolished the requirement to store invoice data within the UAE and the obligation to report system failures, aiming to enhance procedural flexibility and ensure easier compliance with tax regulations. These changes took effect on October 1, 2026, as part of the ministry's efforts to facilitate business operations and achieve higher organizational efficiency.
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