- E-invoicing was introduced in Saudi Arabia on September 17, 2020 by ZATCA
- Phase 2 of e-invoicing started on January 1, 2023 and is being implemented in stages
- Wave 16 of Phase 2 requires companies with annual revenue of more than SAR 3 million to comply by April 1, 2025
- E-invoicing in Saudi Arabia involves creating and managing invoices in a digital format
- Electronic invoices are produced in a structured digital format and are submitted to ZATCA’s FATOORAH system
- E-invoicing is applicable to all taxable individuals in Saudi Arabia who are registered for VAT
- Taxable individuals are responsible for creating electronic invoices for transactions requiring tax invoices
Source: taxilla.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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