The UAE Ministry of Finance announced a new Cabinet Decision revising administrative penalties under the national eInvoicing system. The updated rules establish an initial AED 5,000 fine for non-compliance, capped at AED 50,000 across a 12-month period. Additionally, the penalty for failing to notify the Federal Tax Authority of a system failure has been abolished.
The UAE Ministry of Finance and the Federal Tax Authority have reminded businesses generating Dh50 million or more in annual revenue to appoint an Accredited Service Provider by October 30, 2026. Non-compliant firms face monthly administrative penalties of Dh5,000. Full mandatory e-invoicing for this group will take effect on January 1, 2027, followed by smaller firms later that year.
The UAE Ministry of Finance has issued Ministerial Decision No. 197 of 2026 to update the national electronic invoicing framework. The amendment provides a 24-month temporary exclusion for intra-tax group transactions and eliminates the mandate to store invoicing data exclusively within the UAE. Core rollout timelines remain unchanged, requiring businesses with revenue of AED 50 million or more to appoint an Accredited Service Provider by October 30, 2026.
The UAE participated in the 2026 IMF and World Bank Group Annual Meetings held in Bangkok, Thailand. The Central Bank of the UAE held bilateral meetings with the People's Bank of China and other central banks to discuss payment systems, innovation, and sustainable finance. In addition, the UAE signed an agreement to host the 2029 IMF and World Bank Annual Meetings in Abu Dhabi.
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