FATOORAH, Electronic invoicing in Saudi Arabia
The electronic invoicing project in Saudi Arabia is called the FATOORAH and is applicable to B2B, B2C, and B2G transactions. In December 2021, Saudi Arabia made electronic invoices mandatory for all in-country taxpayers. The implementation of the electronic invoicing system began on December 4th and the Zakat, Tax and Customs Authority (ZATCA) declared it will implement it in two phases.
- Phases of the FATOORAH e-Invoicing project
- Phase 1: December 4th, 2021
- Phase 2: Integration phase with ZATCA
- EDICOM Global e-Invoicing Solution
Source: edicomgroup.com