Belgian firm Banqup Group has developed and will operate the Peppol Corner 5 access point for the UAE Federal Tax Authority. The node will validate invoice tax data under the Ministry of Finance's mandatory e-invoicing system starting in 2027.
The UAE Ministry of Finance has updated the scope of Economic Substance Regulations under Cabinet Decision No. 98 of 2024. Companies are no longer required to file annual ESR notifications or reports for financial years ending after December 31, 2022. Free zone businesses seeking a 0% corporate tax rate must still demonstrate adequate substance.
The UAE Federal Tax Authority is enacting tighter VAT regulations effective October 1. Tax authorities now hold the power to deny VAT refund claims if transactions are linked to tax evasion across the supply chain under a 'should have known' standard.
UAE businesses generating annual revenue of Dh50 million or more must appoint an Accredited Service Provider by October 30, 2026, ahead of mandatory e-invoicing starting January 1, 2027. Smaller enterprises and government entities face a provider appointment deadline of March 31, 2027, prior to phased go-live dates later that year. Non-compliance results in a monthly penalty of Dh5,000 under Cabinet Decision No. 106 of 2025.
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