Regulatory updates - United Arab Emirates
Get the latest news and updates on e-invoicing, e-ordering, e-archiving and indirect tax regulatory requirements.
June 18 2021
UAE amends VAT administrative penalties
The UAE Federal Tax Authority reduced fines for violating VAT laws. The changes will enter at the end of June, and penalties imposed before the effective date will be reduced to 30% of the amount in certain conditions.
Country Specifications
E-Invoicing/CTC Model:
Post Audit
Mandatory Infrastructure:
N/A
Mandatory Format:
N/A
Mandatory for Issuing:
No explicit requirements
Mandatory for Receiving:
No explicit requirements
eSignature:
Not Required
Archiving Period:
– 5 years
– 15 years for real estate
Archiving Abroad:
Allowed
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