Saudi Arabia is implementing the requirement for B2B electronic invoices for VAT transactions by resident businesses from 4 December 2021. Taxpayers will not have to submit full e-invoices (FATOORAH) to the ZATCA tax authorities in real-time until 1 January 2023. Non-resident taxable persons for VAT purposes are excluded.
This follows examples in Europe (e.g. Italy) and from around the world whereby tax authorities seek to gain transactional-level details of tax liabilities to help detect and prevent evasion.
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