e-Invoicing is now mandatory for businesses in Saudi Arabia as part of the country’s digital transformation efforts. The rules established by the Zakat, Tax, and Customs Authority (ZATCA) require the use of XML format for all e-Invoices, secure electronic storage, and strict compliance. The implementation is being carried out in two phases, covering all VAT-registered businesses. The benefits of e-Invoicing include enhanced operational efficiency, improved transparency, and potential cost savings. Businesses must ensure compliance with ZATCA’s technical and procedural standards when generating and submitting e-Invoices through the Fatoora platform. Adapting to these regulations is crucial for businesses to maintain operational efficiency and contribute to the digital economy of Saudi Arabia.
Source RTCsuite
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