The implementation of e-invoicing in Saudi Arabia will begin on 4 December 2021. After this, paper manual invoices will no longer be accepted. Phase 1 of
#Einvoicing will be required in #SaudiArabia by 2021, according to the Saudi government.
Since then, the country has accumulated extensive technical requirements, implementation phases, and other relevant data.
If your firm works in Saudi Arabia, we'll go through the most crucial things to bear in mind.
By introducing electronic invoicing across the country, the Kingdom of Saudi Arabia takes a significant step toward avoiding #tax fraud.
This paperless method promises to save time and resources while also being environmentally friendly.
The e-invoicing scheme in Saudi Arabia is known as #FATOORAH. The tax authority in charge of the project is #ZATCA.E-invoicing will be required for all #B2B, #B2G, and #B2C transactions in Saudi Arabia.Â
All taxpayers in the country will be required to use it.The Zakat, Tax and Customs Authority (#ZATCA) recently provided extensive e-invoicing advice in #Arabic and #English.
Here is a comprehensive guide that details the exact criteria for each phase of the e-invoicing implementation in Saudi Arabia, as well as a timeline for each.
During the implementation of e-invoicing requirements in #KSA, the Systrix IT team in the #MiddleEast can support your firm in preparing for the move and ensuring continuous compliance.
Do you have any questions or require additional information? Make a request.To Read More:Â http://bitly.ws/jmsJ
