VAT’s UP
Latest News Updates
VAT’s UP
View the Introductory Guide to E-invoicing issued by GAZT
Riyadh- August 3, 2021:
The General Authority of Zakat and Tax has issued an Interactive Guide with Links for taxpayers subject to the E-invoicing regulation. It provides an overview on E-Invoicing, the implementation journey, compliance requirements and process rules covering the implementation phase.
The enforcement of E-invoicing will be mandated from December 4, 2021 and the integration will be done over a period beginning from January 1, 2023. Taxable persons are required to begin generating and storing electronic invoices.
NOTE: Date of enforcement of generation and storing of e-invoices -December 4th, 2021
Fines and penalties – All provisions related to tax invoices in the VAT Law are applicable to electronic invoices including fines and penalties.