Does UAE requires to keep a copy of all invoices ?

[SasuT]

Hello
I have a lot of transactions (some B2B but majority of B2C).

When I had my company in France, it was mandatory to keep a copy of all invoices sent to the client, so if we had a fiscal control someday, invoices were proofs.

Is it the same in UAE? Is it required and mandatory for every transactions?

Thanks.

 

[Ancova]

SasuT said:
Hello
I have a lot of transactions (some B2B but majority of B2C).

When I had my company in France, it was mandatory to keep a copy of all invoices sent to the client, so if we had a fiscal control someday, invoices were proofs.

Is it the same in UAE? Is it required and mandatory for every transactions?

Thanks.
Click to expand...

Greetings!

I would suggest that each company keeps track on this.

In the UAE it will start (most probably) from January 2025 so I would suggest to start keeping track.

 

[Berti]

Ancova said:
Greetings!

I would suggest that each company keeps track on this.

In the UAE it will start (most probably) from January 2025 so I would suggest to start keeping track.
Click to expand...

Is this new information about starting 2025?
I thought if your fiscal year is calendar year then it starts Jan 2024.

 

[Au999]

I read yesterday that documents, invoices receipts etc (either original or copy) will need kept for 7 years. Was in one of the newspapers.

Can't find where I read it but this says the same thing - How long should documents be retained in the UAE? - Crown Records Management UAE

 

[lacomaco]

How would you be able to file audited financial statements if you do not have accounting records? And how can you file VAT reports? The time for no accounting is over, not just in the UAE