Amendments to the implementing regulations for VAT to align with the requirements of applying the provisions of the electronic billing regulations

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.