Regulatory updates - Saudi Arabia
Get the latest news and updates on e-invoicing, e-ordering, e-archiving and indirect tax regulatory requirements.
ZATCA announcement as wave 4 approaches the end
The Zakat, Tax, and Customs Authority (ZATCA) has recently published a message to market participants, mainly service providers, about the continued participation and compliance with e-invoicing requirements, as the fourth phase is ending.
ZATCA extends the grace period for fines and penalties related to E-invoicing violations
To help taxpayers mitigate the impact of the COVID-19 pandemic, ZATCA has prolonged penalty exemptions for an additional 6 months.
ZATCA announces ninth wave of taxpayers to comply with Phase 2 requirements
Zakat, Tax and Customs Authority has determined the criteria for selecting the targeted taxpayers in the ninth wave for the “Integration Phase” of e-invoicing.
ZATCA establishes criteria for entities to comply with Phase 2 eighth wave
The Kingdom of Saudi Arabia has further expanded the requirements for taxpayers to adhere to the obligatory issuance of electronic invoices and integration to the FATOORA platform.
ZATCA continues to expand the scope of taxpayers required to comply with Phase 2
On 28 July 2023, ZATCA announced the threshold for the seventh wave of taxpayers required to comply with the upcoming e-invoicing obligation in KSA from 1 February 2024.
ZATCA announces sixth wave of taxpayers required to comply with e-invoicing mandate
On 16 June 2023, ZATCA announced the threshold for taxpayers required to comply with Phase 2 of the e-invoicing mandate in KSA from 1 January 2024.
ZATCA extends the scope of taxpayers to participate in Phase 2 once more
On 26 May 2023, ZATCA announced that the criteria for taxpayers required to comply with the Integration Phase requirements from 1 December 2023 have been established.
ZATCA further extends the scope of taxpayers for the fourth wave of Phase 2
On 28 April 2023, ZATCA announced that the criteria for taxpayers required to comply with the Integration Phase requirements from 1 November 2023 have been established.
KSA announces amendments pertinent to e-invoicing regulations
The Kingdom of Saudi Arabia is considering implementing specific changes in the realm of the e-invoicing regulations in the jurisdiction. They have announced their intent, welcoming public opinion at the same time.
ZATCA further extends the scope of taxpayers for Phase 2 third wave
On 24 March 2023, ZATCA announced that the criteria for taxpayers required to comply with the Integration Phase requirements from 1 October 2023 have been established.
Country Specifications
E-Invoicing/CTC Model:
– Pre-clearance for standard tax invoices
– RTIR (within 24 hours) for simplified tax invoices
Mandatory Infrastructure:
ZATCA
Mandatory Format:
UBL 2.1 KSA or Hybrid
Mandatory for Issuing:
Residents that fall under the roll-out
Mandatory for Receiving:
Residents that fall under the roll-out
eSignature:
Required
Archiving Period:
– Movable property: 6 years (standard assets)
– Immovable property: 11 years (moveable and intangible capital assets)
– Retention period for other than regular invoices or invoices related to immovable property: 15 years (real estate)
Archiving Abroad:
Not allowed
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Fulfil the ZATCA e-invoicing mandate with Pagero
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