The electronic invoicing regulation in Saudi Arabia entered into force on December 4, 2020 and it is expected that within a year the use of electronic invoicing in the country will become effective.
The new regulations will be applied in the B2B sphere and will affect taxable persons residing in the country. It will also affect third parties who issue invoices on behalf of a taxpayer subject to VAT. On the contrary, those companies that are not resident in the country are excluded.
Source: edicomgroup.com
Latest Posts in "Saudi Arabia"
- Saudi Arabia to implement new excise tax method for sweetened beverages
- The Ministry of Finance defined penalties for non-compliance with the e-invoicing system
- Saudi Arabia 2025: Stricter Excise Tax Rules, Digital Tracking, and Tougher Penalties Announced
- Saudi VAT Grouping Overhauled: Stricter Criteria, New Exclusions, and Compliance Demands for 2025
- ZATCA Calls on Taxpayers to Benefit from Fines Cancellation and Penalties Exemption Before Deadline
