The UAE government is launching a new e-invoicing system as part of its move towards a fully digital economy and stronger tax compliance. This initiative will soon be mandatory for all businesses, including jewellery and precious metals, regardless of size. For the jewellery or precious metals industry, now is the right time to prepare.
E-Invoicing
E-invoicing means issuing and receiving invoices through government-approved digital platforms. These platforms allow real-time data exchange and ensure that every invoice follows VAT and tax regulations. Traditional paper-based invoices or simple software tools will not be sufficient once the new law is fully in place.
Why is e-invoicing so important currently for the Jewellery or Precious Metals?
The UAE Ministry of Finance (MoF) announced in July 2023 that it is rolling out a nationwide “E-Billing System” to establish an advanced billing framework at the federal level. This transformation will start in phases, beginning in Q2 2026. For businesses, this means e-invoicing will become mandatory for VAT compliance.
MoF has already released a dedicated webpage with useful details about the upcoming e-invoicing implementation across the UAE, including FAQs that clarify how it will work. And the legal groundwork has been laid with the publication of Federal Decree-Law No. 16 of 2024, which amends the UAE VAT Law. Starting 1 November 2024, electronic invoices (or ‘e-invoices’) will be officially recognised as valid documents for issuance and tax recovery.
This means businesses need to get ready for these changes sooner rather than later. As part of this push, MoF has also introduced Federal Decree-Law No. 17 of 2024, updating provisions around tax procedures.
The Two-Phase Rollout
The e-invoicing rollout will happen in two phases. The first phase, called the generation phase, begins in July 2026. From this point, all businesses must be able to create electronic invoices in the required format. The second phase involves integration with the Federal Tax Authority (FTA), where invoices must be sent to the government in real time using approved software.
Impact on Jewellery and Precious Metals Businesses
Jewellery businesses will need to update the way they generate invoices, manage tax records, and submit reports. Manual or semi-digital systems will no longer be acceptable. This change to full digitisation will help reduce errors, improve record-keeping, and ensure that tax regulations are met.
Suntech’s SUNFACET Jewellery ERP
Suntech Business Solutions in Dubai is already prepared for this transformation. Suntech’s ERP system, SUNFACET, is designed specifically for the jewellery industry and is fully ready for the upcoming e-invoicing requirements. SUNFACET allows businesses to generate VAT-compliant digital invoices and integrate flawlessly with FTA-approved e-invoicing platforms. It supports real-time data sharing, which will be essential during the second phase.
Earlier the Better
Jewellery retailer, wholesaler, or distributor must act right now. Transitioning early to an e-invoicing-ready system like SUNFACET will save time, reduce risk, and help you avoid non-compliance penalties. Waiting until the last moment can lead to unnecessary disruptions in your business operations.
Suntech Is Here to Support You
Suntech is closely following all updates from the UAE government regarding e-invoicing. Our team is ready to help you upgrade your system, train your staff, and manage the transition smoothly. SUNFACET ERP helps you stay compliant.
Jewellery businesses that take action now will enjoy greater accuracy, transparency, and control over their operations. Suntech’s SUNFACET helps jewellery or precious metal businesses move forward confidently into the digital future.
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Email: info@suntech-global.com
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