The Kingdom of Saudi Arabia will go live with its e-invoicing mandate with effect from 4 December 2021. This is a giant leap in the Kingdom’s digital journey and e-invoicing will enable efficiency and security, while reducing the risk of revenue leakage through VAT avoidance. This move will not only make trade more seamless, but also enable increased tax compliance and enhanced transparency.
In this eBook, we aim to use our vast experience in indirect taxation in the Middle East to provide guidance on how banks and financial institutions in the KSA can deploy a robust e-invoicing solution as well as have an effective implementation strategy that gets them ready in time.
In this eBook, you will understand:
- The nuances of e-invoicing for KSA
- Integration of VAT and e-invoicing systems and key functionalities to look for in an e-invoicing solution
- How SunTec’s e-Invoicing Solution can aid banks