E-Invoice Implementation KSA
فواتير إلكترونية سريعة وموثوقة من ZATCA
E-Invoice Implementation for KSA
GAZT issued the final electronic invoicing (e-invoicing) regulations on 4 December 2020, setting out that it will be mandatory for resident taxpayers to be fully equipped to issue, save and modify e-invoices within 12 months of the notification.
It is important to note that the e-invoicing regulations will attract all the provisions related to a tax invoice in the VAT legislation, and any non-compliance will result in penalties from GAZT.
Timelines of e-Invoice Implementation set out by GAZT
PHASE 1 (as of December 4th, 2021)
PHASE 2 (enforceable starting January 1st, 2023 in waves)
How will Electronic invoicing be implemented?
The implementation of Electronic Invoicing has two main phases:
Phase One: Generation and storing of tax invoices and electronic notes in a structured electronic format issued through an electronic solution, and including all the requirements of tax invoices.
Phase Two: Integration of the taxable persons’ electronic solution used to generate electronic invoices and notes, with GAZT’s systems, with the objective of sharing data and information.