The Saudi General Authority of Zakat and Tax (GAZT) has announced the launch of a public consultation on draft implementing rules for the country's new e-invoicing requirements, which will run until 17 April 2021. The e-invoicing requirements were approved on 4 December 2020 and will become mandatory on 4 December 2021.
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The Controls, Requirements, Technical Specifications and Procedural Rules for Implementing the Provisions of the E-Invoicing Regulation are Open for Public Consultation
The General Authority of Zakat and Tax (GAZT) is pleased to be implementing electronic invoicing (e-invoicing) in the Kingdom of Saudi Arabia. The introduction of e-invoicing will, on the one hand, benefit the economy by increasing compliance with tax obligations, minimizing commercial concealment, reducing the shadow economy, enabling fair competition, and enhancing consumer protection. On the other hand, it will benefit taxpayers through cost savings, increased invoice processing efficiency, enabling of interoperability, increased digitalization, and reduction in the use of paper.
As part of this transitional journey towards e-invoicing, GAZT has published a draft of the Controls, Requirements, Technical Specifications and Procedural Rules for Implementing the Provisions of the E-Invoicing Regulation.
The Resolution aims to specify the business and technical requirements to be mandated as part of the journey toward e-invoicing. Thus, GAZT is commencing a period of public consultation of four weeks. Interested parties, stakeholders, and taxpayers are highly encouraged to express their opinions and share feedback on the draft no later than April 17, 2021.
An unofficial English translation of the resolution can be found here. The associated technical specifications can be found as follows:
- Electronic Invoice Data Dictionary
- Electronic Invoice XML Implementation Standard
- Electronic Invoice Security Implementation Standards
Please visit the Public Consultation Platform to share your comments through the following link.