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The United Arab Emirates (UAE) will introduce a mandatory, structured e-invoicing system based on the Peppol International Invoice (PINT) on January 1, 2027. With this reform, the Federal Tax Authority (FTA) is significantly advancing the country’s digital transformation.
The digitization of financial and tax processes has gained momentum worldwide, and Singapore became the center of this development for three days during the E-Invoicing Exchange Summit and APAC Peppol Day. Three days full of ideas, figures, examples, and discussions made it clear that e-invoicing is no longer just an IT project.
Our neighboring country Denmark is considered a European pioneer in e-invoicing. Consequently, e-invoicing in Denmark has been mandatory for all invoicing in the B2G sector since 2005.
Invoices are among the central documents in business, and for decades, paper was the standard. However, these times are coming to an end: More and more countries are obliging companies to create, transmit, and process invoices exclusively electronically. The term e-invoicing represents far more than merely sending a PDF via email.
The introduction of mandatory electronic invoicing (e-invoicing) in France is part of a Europe-wide campaign to improve the traceability of corporate tax data with one goal in mind: to combat tax fraud and close VAT loopholes.
The digitalization of tax and invoicing processes is continuously advancing across Europe. Belgium is also playing an increasingly active role in this development. With a clear focus on the Peppol network and unambiguous legal requirements, the country has made electronic invoicing a strategic driver of digitalization – both in public procurement and prospectively in the B2B sector.
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