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ZATCA has invited taxpayers subject to VAT regulations to take advantage of the “cancellation of fines and exemption from financial penalties” initiative, which has been extended for an additional per ........ View More
In an update released on 24 March 2023, The Zakat Tax and Customs Authority established the criteria for selecting the target establishments in the third wave of the "linkage and integration" stage of ........ View More
In Saudi Arabia, businesses are required to integrate with the ZATCA (FATOORA) platform and provide e-invoices to their customers in a defined structured format. This means that all e-invoices must be ........ View More
e-Invoicing is a global step towards business digitalization and compliance standardization. Over the years, various nations have shifted towards e-Invoicing as a measure of improved compliance manage ........ View More
The Zakat, Tax, and Customs Authority (ZATCA) has invited taxpayers, who are subject to tax regulations, to take advantage of the “cancellation of fines and exemption from financial penalties” initiat ........ View More
Phase I (Issuance and Preservation Phase) of e-Invoicing was implemented on December 4, 2021, mandating the taxpayers subject to the e-invoicing regulations to restrict the usage of handwritten invoic ........ View More
Phase 2 or the integration phase of e-invoicing will be implemented from 1st January 2023 and VAT taxpayers with a turnover of more than SAR 3 billion in 2021 will be mandated to generate and issue el ........ View More
The Zakat, Tax and Customs Authority (ZATCA) conducted over 12,000 monitory inspection visits in Nov on markets and shops across the Kingdom of Saudi Arabia. In cooperation with the National Anti-Co ........ View More
In a recent news update on November 30, 2022, the Cancellation of Fines and Exemption of Penalties Initiative has been extended for the taxpayers for an additional period of 6 months from Thursday, De ........ View More
Phase II of ZATCA e-invoicing is approaching at a lightning speed while there pertain unanswered questions and unsolved challenges from Phase I. To prepare you better for Phase II and help you out wit ........ View More