VATupdate

New Fines for Non-compliance with E-invoicing Rules

Phase 1 of the e-invoicing system will be live in less than three weeks. While many businesses are still implementing a solution, the Saudi tax authority continues to publish more details on their official webpage.

One of the most recent announcements is about the fines the government will levy in case of non-compliance with the e-invoicing rules for phase 1, and it is currently published only in Arabic.

Source Sovos

For all other newsitems on E-Invoicing in Saudi Arabia, click HERE

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