VATupdate

Saudi’s e-invoicing initiative Fatoorah to save over $100 billion annually

Saudi Arabia aims to strengthen financial control procedures, improve governance, and the overall effortless switch to automation. e-Invoicing project Fatoorah is expected to benefit the Saudi economy, mainly in addressing the commercial concealment and the ‘shadow economy’ that has cost the Kingdom almost $107 billion annually

Source: ameinfo.com

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