The Saudi electronic invoice is a system used to register and issue electronic invoices in the Kingdom of Saudi Arabia. The Saudi e-invoice is regulated by the General Authority of Zakat and Tax, a government body affiliated with the Ministry of Finance. The Saudi electronic invoice is part of the Saudi government’s initiative to develop and modernize the tax sector and improve tax procedures
The Saudi electronic invoice is a system used to register and issue electronic invoices in the Kingdom of Saudi Arabia. The Saudi e-invoice is regulated by the General Authority of Zakat and Tax, a government body affiliated with the Ministry of Finance.
The Saudi electronic invoice is part of the Saudi government’s initiative to develop and modernize the tax sector and improve added tax procedures in the Kingdom. The system aims to simplify and accelerate the invoice issuance process and improve transparency and tax control.
The Saudi electronic invoice requires companies and individuals who exceed the specified tax limit to register in the system and issue electronic invoices instead of traditional paper invoices. Electronic invoices are provided via a dedicated platform and are signed with a digital certificate to ensure the authenticity and credibility of the invoice.
The Saudi electronic invoice is considered a mandatory government procedure and penalties are applied to those who violate it. The system contributes to improving the quality of financial data, reducing tax fraud, and facilitating the tax verification process for the General Authority of Zakat and Income.
