The UAE is introducing penalties of up to Dh5,000 for businesses violating e-invoicing requirements. Starting July 2026, all invoices must be created, exchanged, and reported electronically to the Federal Tax Authority. Fines apply for delays in implementation, failure to transmit invoices or credit notes, system failure notifications, and updating registered business data, emphasizing strict compliance and operational readiness.
Elon Musk wants to abolish the EU. He has a point
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