FATOORAH mandatory B2B e-invoicing penalty regime remains on hold Zakat, Tax and Customs Authority (ZATCA) has informed that it had decided to extend its Cancellation of Fines and Penalties initiative until 20 June 2025. This means all taxpayers in the 13 waves of the mandate
Travellers to be able to reclaim VAT in Gulf state Saudi Arabia will implement a VAT refund system for tourists in 2025, as part of its efforts to enhance the travel experience and boost tourism. The initiative aligns with the National Tourism Strategy, which targets
Zakat publishes proposed VAT changes to improve compliance and standardise to international rules Proposed amendments to the Saudi Arabian VAT regulations have been put out to consultation by Zakat, Tax and Customs Authority. These will introduce a range of updates to the VAT regime to
FATOORAH mandatory e-invoicing 1 January 2023 for large taxpayers; follows Dec 2022 voluntary phase ZATCA confirms 1 July 2023 next wave for mandatory e-invoicing Saudi Tax and Customs Authority (ZATCA) on 23 December confirmed the criteria for the mid-sized wave of mandatory e-invoicing, FATOORAH. This will
Electronic invoices test sandbox for testing prior to Jan 2023 full integration Businesses may now test the FATOORAH e-invoice system in a sandbox environment ahead of full mandatory obligation to issue e-invoices from 1 January 2023. This follows the December 2021 introduction of the obligation
Saudi GAZT and ZTCA to combine The Gulf state of Saudi Arabia has merged its General Authority of Zakat and Tax (GAZT) with its General Authority of Customs. The new combined tax and customs agency will be known as Zakat, Tax and Customs Authority (ZTCA).
Electronic invoices ‘Introduction’ now live 4 Dec 2021; full ‘Integration’ from 1 Jan 2023 The Kingdom of Saudi Arabia (KSA) has now launched B2B and B2C electronic invoices in this first Introduction phase. They may be printed or in other human-readable format for the businesses
Electronic invoices in two phases: Introduction (Dec 2021); and Integration (Jan 2023) Saudi Arabia is implementing the requirement for B2B electronic invoices for VAT transactions by resident businesses from 4 December 2021. Taxpayers will not have to submit full e-invoices (FATOORAH) to the ZATCA tax
The Saudi Arabian crown prince has stated that the 1 July 2020 VAT rise from 5% to 15% may be reversed in the future. Saudi VAT trebling to 15% July 2020 The trebling of VAT was brought in to shore-up government revenues at the height
Saudi Arabia has increased its standard VAT rate from 5% to 15% from 1 July 2020. The aim is to sure up government revenues as the COVID-19 crisis has led to a fall in global oil prices and oil duties for the Arab Gulf state.
