- Saudi Arabia expanding electronic invoicing regime
- Ninth phase to include more taxpayers from June 1, 2024
- Obligations apply to taxpayers with taxable supplies of SAR30 million or more in 2021 or 2022
- Compliance mandatory by September 30, 2024
- Businesses must integrate systems with FATOORA Platform
- Electronic invoices must use specified format with additional elements introduced this year
Source: globalvatcompliance.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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