Electronic invoicing (e-Invoicing) is becoming increasingly important for businesses in Saudi Arabia. The Saudi Arabian government, through the Zakat, Tax and Customs Authority (ZATCA), has introduced a system called “FATOORAH” to streamline the invoicing process and ensure better compliance with VAT regulations. Upcoming deadlines for businesses to integrate their e-Invoicing systems with the FATOORAH platform depend on the VATable income, ranging from October 1st, 2024 for businesses with a VATable income exceeding 25 million Saudi Riyals to February 1st, 2025 for businesses with a VATable income exceeding 5 million Saudi Riyals. Businesses must ensure their electronic invoicing solution complies with the new regulations.
Source Fintedu
- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
Click on the logo to visit the website
Latest Posts in "Saudi Arabia"
- ZATCA’s 2025 Guide: VAT Rules for E-Market Platforms and Deemed Supplier Obligations in KSA
- Saudi Arabia Revises Customs Tariffs, Increases Duties, and Updates HS Codes Effective 2025
- Saudi Arabia Extends ZATCA Tax Penalty Waiver Initiative Until June 2026
- Saudi Arabia Updates VAT Rules for Online Marketplaces, Amends Excise Tax on Sweetened Beverages
- Saudi Arabia Clarifies VAT Deemed Supplier Rules for Electronic Marketplaces
