Upcoming E-invoicing & Real Time Reporting Developments in GCC

• Saudi Arabia
  • Saudi Arabia obliges electronic invoicing
    • The first phase which comprises mandatory e-invoice generation and archiving will start on 4 December 2021.
    • The second phase, integration with the tax authority’s portal and reporting of e-invoices will be mandatory as of 1 January 2023.
    • According to the resolution, tax authority will gradually mandate integration for different group of companies.
    • The companies under obligation will be published not later than 6 months before the deadline.
  • Guidelines and standards for e-invoices
  • Resolution for New E-Invoicing Requirements
  • The controls, requirements, technical specifications and procedural rules necessary to implement the provisions of the e-invoicing regulations
  • Final Rules on E-invoicing (June 15)

Last update: June 16, 2021