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As previously reported by Pagero, the UAE has proposed adopting a 5-corner model. In the model, accredited service providers will play an important part, as they will be responsible for validating, exchanging and reporting the invoice data to the tax authority. Only certified service providers will be allowed to participate in the exchange, which makes the accreditation an essential part of engaging in the invoice exchange. What do accreditation requirements imply? The accreditation requirements are comprehensive, but among other criteria, service providers need to: Successfully conduct pre-approval testing, production trail run, pre-approval certification and tax data reporting testing; Be an...