A news has come out regarding e-invoicing in Saudi Arabia. According to reports, February 2027 E-invoicing may become mandatory for businesses whose annual revenue exceeds 187,500 Saudi Riyal (SAR) is more than. After this news, new discussions have started among the people doing business in Saudi Arabia.
Has ZATCA confirmed this?
government agency of saudi arabia Zakat, Tax and Customs Authority (ZATCA)which handles this entire system, has not yet officially confirmed the new deadline or mandate of this 187,500 riyals. At present ZATCA The work is going on in waves and the rules are implemented accordingly.
Current rules and information
If we look at the current rules ZATCA has made e-invoicing mandatory for taxpayers whose turnover 375,000 SAR Has been more than. This limit was in the earlier phase (Wave 23) 750,000 SAR Was. it 187,500 SAR The figure is generally for those who wish to undertake voluntary VAT registration. First phase of e-invoicing for all VAT-registered businesses December 2021 is implemented from, while the second phase January 2023 Is moving forward slowly.
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