The amendments to the Federal Decree-Laws on VAT and Tax Procedures will come into force on 30 October 2024:
- Federal Decree-Law No. 16 of 2024 Amending certain provisions of Federal Decree-Law No. 8 of 2017 on Value Added Tax (VAT);
- Federal Decree-Law No. 17 of 2024 Amending certain provisions of Federal Decree-Law No. 28 of 2022 On Tax Procedures.
The changes introduce eInvoicing, an electronic billing system for issuing tax invoices and tax credit notices.
EInvoicing will cover all business-to-business (B2B) and business-to-government (B2G) transactions, regardless of the registration status of organisations for VAT purposes. The implementation process will be split into several phases, with the first phase of the launch of eInvoicing reports scheduled for July 2026.
EInvoicing is a system that obliges companies to generate structured electronic tax invoices and tax credit notices. These documents will be processed automatically and will be compatible with the FTA's electronic document management system. According to the new requirements, these electronic documents must meet all legal rules and conditions for data processing.
It...