Close Menu
TheKhaleejPost
    What's Hot
    Business

    Statement by H.E. Dr. Ahmad Saeed bin Meshar, SLC Secretary General, On International Day of Happiness

    Business

    EGA inaugurates UAE’s largest aluminium recycling plant

    Business

    Global Critical Communications Leader Hytera Celebrates 10th Anniversary for Subsidiary in UAE

    Important Pages:
    • Home
    • Privacy Policy
    • Terms & Conditions
    Facebook X (Twitter) Instagram Pinterest
    Facebook X (Twitter) Instagram Pinterest
    TheKhaleejPost
    • Home
    • Technology

      From Play-to-Earn to Player Ownership: GameChain Collective Drives the Next Gaming Evolution

      CNTXT AI Acquires Actualize to Strengthen Arabic Voice AI for Enterprise and Government Across the GCC

      SBC Summit unveils new pass structure alongside standalone Affiliate Leaders Summit access

      GameChain Collective Redefines Web3 Gaming Through Collaboration and Co-Creation

      EFE UAE Launches AJYAL 2026 Program at AURAK to Equip Youth with AI, Green Skills and Job Readiness

    • Business

      EGA, where one in every four supervisory roles are held by women, celebrates International Women in Engineering Day

      New economic licences in Abu Dhabi increase 21% in Q1 2026

      Ministry of Finance Announces Opening of Subscription and Pricing for UAE’s Inaugural Sovereign Retail T-Sukuk Programme

      EGA inaugurates UAE’s largest aluminium recycling plant

      Umm Al Quwain FTZ Unveils New Initiative to Support Cost-Effective Business Relocation

    • Submit A Press Release
    TheKhaleejPost
    Home » Ministry of Finance hosts 2nd awareness event on eInvoicing system in collaboration with Federal Tax Authority and Dubai Chambers
    Business

    Ministry of Finance hosts 2nd awareness event on eInvoicing system in collaboration with Federal Tax Authority and Dubai Chambers

    Facebook Twitter Pinterest WhatsApp
    Ministry of Finance hosts 2nd awareness event on eInvoicing system in collaboration with Federal Tax Authority and Dubai C...
    Share
    Facebook Twitter Pinterest WhatsApp

    Younis Haji AlKhoori: eInvoicing is a practical step towards a more efficient and future-ready financial ecosystem

    Abdulaziz Al Mulla: The eInvoicing system contributes to enhancing voluntary tax compliance electronically through secure and effective mechanisms

    The Ministry of Finance (MoF), in collaboration with the Federal Tax Authority (FTA) and Dubai Chambers, has organised the second awareness event on the UAE’s eInvoicing system, as part of ongoing efforts to keep the business community informed of the latest developments, readiness requirements, and practical steps for joining the new digital ecosystem.

    The event was attended by H

    E. Younis Haji AlKhoori, Undersecretary of the Ministry of Finance, along with several senior officials from the Ministry and the Authority, and more than 500 representatives from private sector companies.

    The session discussed the objectives of the eInvoicing system and its role in supporting the UAE’s digital transformation agenda, enhancing efficiency, transparency and accuracy in financial transactions. It also included a detailed overview of the process for selecting Accredited Service Providers (ASPs) through the EmaraTax platform, as well as the steps required for integration and implementation.

    H.E. Younis Haji AlKhoori said: “The eInvoicing system provides a clear framework for strengthening the readiness of the UAE’s financial ecosystem by leveraging digital solutions to streamline transactions and improve data quality, thereby supporting a more transparent and efficient business environment.”

    “The UAE’s successful activation of the ‘4-Corner’ model marks a key milestone in the system’s rollout, enabling companies to exchange invoices electronically through the system and select an Accredited Service Provider via the EmaraTax platform, in preparation for completing integration and commencing secure and efficient invoice exchange. This forms part of the final UAE 5-Corner Model implementation, with the 5th corner to be introduced in the next phase.”

    HE added that the system has been designed in line with international best practices, enhancing system interoperability and supporting more reliable data, while reducing reliance on manual processes. It also strengthens reporting capabilities and tax compliance, while providing a more flexible digital foundation to support future requirements.

    AlKhoori called on companies and entities subject to the system to take proactive and practical early steps, including selecting an Accredited Service Provider, finalising contractual agreements, and initiating integration and onboarding processes. He noted that early adoption will enable businesses to benefit from the system from its initial phases, particularly in terms of improving operational efficiency and strengthening compliance.

    For his part, H.E. Abdulaziz Mohammed Al Mulla, Director General of the Federal Tax Authority, underscored the significance of the event, which forms part of a continuing series of awareness and training sessions designed to provide guidance and technical support to stakeholders involved in implementing the eInvoicing system. The initiative aims to ensure the successful rollout of the transformation while facilitating the onboarding of companies and entities subject to the system. The eInvoicing framework is also expected to help reduce costs and streamline administrative procedures by shortening processing times.

    He stated: “Launched through the close collaboration between the Ministry of Finance and the Federal Tax Authority, the eInvoicing system represents a major step forward in strengthening voluntary tax compliance through secure and efficient digital mechanisms. The system delivers a broad range of benefits to taxpayers and stakeholders across the tax ecosystem by streamlining, standardising and automating invoicing processes via an electronic platform aligned with international best practices. It also facilitates real-time data exchange, enabling the submission of tax returns to the Authority in a more seamless, accurate and efficient manner.”

    He added: “A well-defined phased strategy has been adopted for the rollout of the new system in collaboration with relevant stakeholders, with the aim of maximising the benefits of this transformation and ensuring compliance with the approved legal framework governing the eInvoicing system. This gradual approach is intended to support companies and relevant entities by providing them with adequate time to prepare for a smooth and seamless transition, reflecting our ongoing commitment to fostering a business-friendly environment that promotes ease of doing business and accelerates the transition towards a fully integrated digital economy.”

    The event also outlined the key steps for companies to join the eInvoicing system, beginning with the selection of an Accredited Service Provider (ASP), followed by the completion of contractual arrangements, and subsequently initiating integration and onboarding processes with the system. This structured pathway enables businesses to prepare early for the exchange of electronic invoices through reliable digital mechanisms.

    The Ministry further highlighted that the system is designed to accelerate digital transformation across the national economy by enhancing the accuracy of financial transactions, improving transparency, and strengthening tax reporting efficiency. This contributes to building a modern financial ecosystem capable of adapting to future requirements.

    The event also addressed the system’s next phase, with the UAE set to launch the pilot phase in July 2026, marking the transition from readiness to practical implementation. This phase will enable companies to test application requirements and prepare for integration into the system through a clear and phased approach.

    The Ministry stressed that the adoption of the UAE ‘5-Corner Model’ aligns with leading international standards, supporting scalability and interoperability across systems. It will also enable companies to exchange electronic invoices more efficiently, while enhancing compliance and reducing reliance on manual processes.

    The event highlighted the practical value that the eInvoicing system offers to businesses, including improving process efficiency, reducing errors, and providing more accurate data to support tax reporting. It also enhances transparency in financial transactions and supports the development of a business environment better positioned to leverage digital solutions.

    The Ministry of Finance called on companies to follow official communication channels of the Ministry and the Federal Tax Authority, and to begin taking the necessary steps to join the system. Such measures, it noted, will enhance business readiness for the upcoming pilot phase and support the UAE’s transition towards a fully integrated, future-ready digital financial ecosystem.

    Share. Facebook Twitter Pinterest WhatsApp
    Previous ArticleEdelman Smithfield strengthens Middle East leadership team with senior promotions and appointments
    Next Article Emirates College for Advanced Education and Zayed Authority for People of Determination partner to advance inclusive education in UAE

    Related Posts

    Business

    EGA, where one in every four supervisory roles are held by women, celebrates International Women in Engineering Day

    Business

    New economic licences in Abu Dhabi increase 21% in Q1 2026

    Business

    Ministry of Finance Announces Opening of Subscription and Pricing for UAE’s Inaugural Sovereign Retail T-Sukuk Programme

    Business

    EGA inaugurates UAE’s largest aluminium recycling plant

    Business

    Umm Al Quwain FTZ Unveils New Initiative to Support Cost-Effective Business Relocation

    Business

    Day Two of SBC Summit Tbilisi to Examine the Next Phase of Growth for Eastern Europe and Central Asia

    Business

    SBC Summit to Examine What Effective Player Protection Looks Like in Practice

    Business

    Faraday Future Unveils Second-Half Launch of FF EAI Robot World, Introducing New Humanoid Robot and Industrial Robotics Ecosystem

    Stay In Touch
    • Facebook
    • Twitter
    Top Picks
    Business

    Narvaez claims hat-trick of stage wins as UAE Team Emirates-XRG continue to impress in week two of the Giro d’Italia

    UAE Team Emirates-XRG secure another stage win and a spell in the Maglia Ciclamino during an action-packed second week. Jonathan Narvaez takes his third stage win of the race as the Ecuadorian continues to animate the peloton. News | Team -25th May 2026 UAE Team Emirates-XRG head into the second rest day of the 2026 Giro d’Italia with plenty to reflect on after another week of animated, aggressive racing. A stage win, a spell in the points jersey, and strong performances across the board from a squad that continues to make its presence felt on the Italian roads. The week opened with a 42KM time trial, and the home crowd

    Azizi Developments’ Beach Oasis nears completion at 94%, final works underway

    Southwest joins IATA Schedule Data Exchange Program

    Meet the First-Ever Affiliate Leaders Awards 2025 Shortlist and Cast Your Vote!

    Central Pattana Sets the Stage for ‘Thailand’s Songkran Festival 2024

    Stay ahead with TheKhaleejPost, your premier destination for breaking news, analysis, and in-depth coverage across the Gulf region and beyond. Discover diverse viewpoints, stay informed, and delve into the stories shaping our communities and world.

    Facebook X (Twitter)
    Categories
    • Business (896)
      • Career (2)
      • Management (5)
      • Startup (12)
    • Business & Tech (6)
    • Culture (78)
    • Entertainment (32)
      • Celebrity (3)
      • Movies (2)
      • TV Shows (1)
    • News (77)
    • Politics (12)
    • Technology (79)
      • Phones (2)
      • Science (2)
    • Videos (10)
    Our Picks
    Culture

    MBRF signs MoU with Arab Publishers’ Association to support publishing sector

    News

    BECO Capital Secures $20M Investment from SVC to Drive Innovation in Saudi Arabia’s Startup Ecosystem

    Culture

    Hilton signs first Tapestry collection by Hilton in Saudi Arabia with Al Musbah Group

    © 2026 TheKhaleejPost.
    • Home
    • About Us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Type above and press Enter to search. Press Esc to cancel.