Accounting Services

  Stronger E-Invoicing Enforcement in the UAE: Penalties for Non-Compliance The UAE has intensified its focus on e-invoicing compliance , signalling a decisive move toward a fully digital tax and accounting ecosystem. As part of the government’s broader digital transformation agenda, businesses are now expected to align their invoicing systems with the Federal Tax Authority’s (FTA) electronic invoicing framework. Under the enhanced enforcement measures, penalties of up to AED 5,000 may be imposed on businesses that fail to comply with e-invoicing requirements. These penalties apply to entities that do not issue invoices in the prescribed electronic format or fail to maintain compliant digital records as mandated by the authorities. The e-invoicing initiative is designed to increase transparency, reduce tax evasion, and improve the accuracy of VAT and corporate tax reporting . By standardising invoicing processes, the FTA aims to enable real-time data exchange, faster audits, an...

  UAE Launches New Compliance Framework for Corporate Tax Filers The UAE has officially introduced a new compliance framework for Corporate Tax filers , marking a significant advancement in the country’s oversight and governance standards. The initiative aims to reinforce financial transparency, ensure accurate reporting, and strengthen the integrity of corporate tax submissions across all business sectors. Under the enhanced framework, companies are now required to maintain more detailed financial documentation , including substantiated revenue records, related-party disclosures, and proper tax-adjusted financial statements. Authorities will also adopt a more proactive approach by initiating targeted audits for entities demonstrating irregular filings, inconsistent documentation, or gaps in compliance readiness. A senior official from the Ministry emphasized that the upgraded system is designed to “enhance compliance discipline, encourage accurate reporting practices, and supp...