The Kingdom of Saudi Arabia (KSA). The Kingdom announced e-invoicing for resident companies, which was published on December 4, 2020. e-invoicing will become mandatory for tax payers from December 4, 2021.
The aims of the e-invoicing mandate are to provide more transparency, and enhance consumer protection and anothee benefit of e-invoicing implementation is the readability of the invoice formats
. Companies registered in Saudi Arabia should immediately start updating or changing their systems and processes to support issuance of e-invoices. This may be a little challenging. However, the key to successful implementation is to start early.
Note that Dubai has also announced similar legislation.
If you need to upgrade or change your system or to .add additional functionality to your systems to comply with the invoicing mandate then please contact us 009714336589
On this blessed occasion of Eid, we wish you and your family good health, wealth and prosperity. And don’t forget to take a reflection on you and your business this Summer.
