KSA – August 26, 2021:

The Zakat, Tax and Customs Authority (ZATCA) launched ‘Fatoora- The e-invoicing project’ which is a mandate in KSA from December 4, 2021.

• The first phase mandates the issuance and filing of tax invoices and the relevant debit/ credit notices electronically
• The second phase will be implemented in a phased manner from January 1, 2023, which will establish the integration of electronic systems for taxpayers and ZATCA requirements.

Speaking at the launch ceremony in the Four Seasons Hotel in Riyadh, ZATCA Governor Eng. Suhail bin Mohammed Abanmi emphasized that the Fatoora project is one of the most ambitious national projects led by the Authority and is a part of their effort to achieve the digital transformation goals outlined in the Kingdom’s Vision 2030. Eng. Abanmi stated that the ‘Fatoora’ project is aligned with the latest developments in the world’s leading economies and will have a tangible impact on the national economy.

He iterated that the project would promote fair competition and significantly contribute toward efforts by several government agencies to combat trade concealment.

View the Simplified Guidelines for E-Invoicing (Phase 1) and E-Invoicing Detailed Guidelines published by ZATCA.

The guidelines contain E-Invoicing (FATOORAH) requirements and the detailed technical requirements for taxpayers and E-Invoicing providers. It also includes detailed technical requirements such as invoice specifications and security specifications for the E-Invoicing application.

Click here to read more.

Contact our Tax Experts for any clarifications.