The General Authority of Zakat and Taxes ( GAZT) in KSA has initiated consultation process with the taxpayers and other stakeholders to seek their opinion on the draft electronic invoicing regulations. The GAZT stated that the regulations aims to reduce the administrative burden on taxpayers, improve the tax commitment and limit the volume of hidden economic transactions.
The comments and proposal on the draft regulations must be submitted by October 17 2020. The draft regulations are currently available in Arabic version only.
Contribution by Satish Sarda
Latest Posts in "Saudi Arabia"
- Saudi Arabia ZATCA Wave 23 E-Invoicing Integration Deadline Announced
- ZATCA Phase 2 E-Invoicing: Waves 18–22 and ERP Integration
- Saudi Arabia Unveils Draft Regulations to Strengthen Special Economic Zones Framework and Investor Incentives
- Saudi Arabia Issues Draft Regulations for Four New Special Economic Zones, Enhancing Investment Framework
- Saudi Arabia Expands Mandatory E-Invoicing and E-Reporting for All Businesses via ZATCA Fatoora Platform
