Proposed amendments:
- Proposed amendments to Article 53 – Tax Invoices:
- Further clarification on the self-billing arrangements
- Content of a summary tax invoice
- Instances and rules related to the issuance of a simplified tax invoice
- Granting the power to ZATCA Governor to suspend or cancel the application of e-invoicing regulations to a category of specific taxpayers
- Proposed amendments to Article 54 – Credit and Debit Notes:
- Instances of issuance of Debit and Credit Notes (additional to what has been mentioned in Article 40 of the VAT Implementing Regulations)
- Content and reference to Debit and Credit Notes
- Proposed amendments to Article 66 – Records:
- Including a non-obstante clause related to the retention of document requirements in KSA
- Easing record retention for ‘fixed establishments’
- Further stress on Arabic text to be captured for data retention purposes
- Mandatory local storage of original documents
- Further stress on data entry documentation, tamper proofing of systems, etc.
- Introduction of an automatic tool for ZATCA to review the ERP systems being used by taxpayers
- Addition of a new clause related to the storing of e-invoices and e-notes as stipulated by e-invoicing regulations
Source PwC
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