Mashreq and SunTec Collaborate on UAE's E-Invoicing Mandate to Enhance Compliance
Mashreq Bank has partnered with SunTec Business Solutions to address the UAE's upcoming mandatory e-invoicing framework. This collaboration builds on their seven-year partnership focused on VAT compliance. The UAE's e-invoicing mandate, established under Ministerial Decisions No. 243 and No. 244 of 2025, requires businesses to issue structured, machine-readable XML invoices. These invoices must be transmitted in real-time to the Federal Tax Authority via an Accredited Service Provider (ASP). Large institutions with annual revenues of AED 50 million or more must comply by January 1, 2027, and appoint an ASP by July 31, 2026. SunTec's Xelerate e-Invoicing platform, approved by the UAE's Ministry of Finance, will be used by Mashreq to integrate seamlessly with existing systems, ensuring real-time invoice validation and transmission without disrupting core infrastructure. 
