VATupdate

Saudi Arabia is enforcing E-invoicing (Fatoora) Phase One from December 4, 2021

The enforcement of Saudi Arabia’s e-Invoicing program, locally known as Fatoora, is on 4th December 2021, at phase 1. The generation and storing of electronic invoices and electronic notes will be mandatory to local taxpayers as well as to companies issuing tax invoices on behalf of suppliers for VAT purposes.

Source: globalvatcompliance.com

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