Mandatory Fields to Be Printed on ZATCA Compliant E-Invoices As part of Saudi Arabia’s e-invoicing regulations introduced by the Zakat, Tax, and Customs Authority (ZATCA), businesses are required to issue electronic invoices that include specific mandatory fields. These fields are crucial for ensuring that each invoice complies with local VAT laws and can be easily […]
Mandatory Fields Zatca Fatora Read More »
Saudi Arabian VAT Rates 2024: A Comprehensive Guide As Saudi Arabia continues its efforts to diversify its economy under Vision 2030, Value Added Tax (VAT) has become an essential component of the country’s fiscal policy. Introduced in 2018, VAT applies to goods and services across the Kingdom, impacting businesses and consumers alike. The VAT rate
Saudi Arabian VAT Rates Read More »
In Saudi Arabia, the Zakat, Tax, and Customs Authority (ZATCA) has implemented a comprehensive e-invoicing system to ensure compliance and transparency. There are two main types of e-invoices under the ZATCA system: 1. Tax Invoices: 2. Simplified Tax Invoices: E-Invoice Formats: Key Fields in E-Invoices: ZATCA’s e-invoicing system aims to enhance transparency, reduce tax evasion,
e-Invoice Types & Formats in KSA ( zatca) Read More »
Compliance with ZATCA: Understanding Saudi Arabia’s E-Invoicing Regulations In December 2021, Saudi Arabia’s Zakat, Tax, and Customs Authority (ZATCA) introduced the Fatoora platform, marking a significant shift toward digitization and transparency in the Kingdom’s tax system. The goal of this e-invoicing regulation is to streamline the way businesses manage invoices, ensuring compliance with the Saudi
Compliance with ZATCA Read More »