Saudi Arabia, having a relatively new indirect taxation regime, is keeping pace with digital taxation. The General Authority of Zakat and Tax (GAZT) has announced the implementation the e-invoicing. The recent implementation of a value-added tax (VAT) system also raises challenges to the local economy, including competition issues and fraud. One reason for the introduction of the e-invoicing regime is that business operators will benefit from a streamlined invoicing process and more effective business operations.
Source Ridvan Yigit
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