Proposal: No. (7-2-21) and the date of 04/04/1443 H, which included the amendment of articles (fifty-third, fifty-fourth, sixty-sixth) of the VAT regulations, One of these important amendments is the addition of a new paragraph (10) to Article 53, which states: “The Authority has the power to suspend or revoke the obligation to apply the provisions of the Electronic Billing Regulation – in whole or in part – to a category of designated persons or officials after examining the reasons for this, and may issue decisions. This provides an estimated space for the Authority to have the power to exempt a certain number of taxpayers or to give them additional time to do what is necessary to ensure compliance with the requirements of the Internet Billing Regulation.
Source gov.sa
Latest Posts in "Saudi Arabia"
- Briefing document: Saudi Arabia FATOORAH E-invoicing Compliance
- Saudi Arabia Launches VAT Refund Service for Tourists to Boost Economic Diversification and Tourism
- Saudi Arabia’s ZATCA Phase 23 E-Invoicing: Key Compliance Steps for 2025 Roll-Out
- Saudi Arabia Introduces VAT Refund Program to Boost Tourism and Shopping Experience
- Saudi Arabia Introduces VAT Refund for Tourists, GCC Nationals on Purchases Over SAR 500