This will result in a scramble by businesses to ensure that once the new rate is introduced they are able to comply, in as far as invoicing goes, but equally as important, that the changes made do not negatively impact commercial arrangements that are already in place.
Source: khaleejtimes.com
Latest Posts in "Saudi Arabia"
- Saudi Arabia Introduces VAT Refund Program for Tourists and GCC Nationals to Boost Tourism
- Briefing document: Saudi Arabia FATOORAH E-invoicing Compliance
- Saudi Arabia Launches VAT Refund Service for Tourists to Boost Economic Diversification and Tourism
- Saudi Arabia Launches VAT Refund Program for Tourists to Boost Tourism and Retail Growth
- Saudi Arabia’s ZATCA Phase 23 E-Invoicing: Key Compliance Steps for 2025 Roll-Out