The Electronic Invoice in Saudi Arabia
Saudi Arabia has announced that the electronic invoice will be mandatory in beginning on December 4th 2021. The project is composed of 2 phases, a preparation, and an implementation phase.
Mandatory statusThe new norm will be applied to B2B transactions and will affect taxpayers in Saudi Arabia. It will also affect third parties that issue invoices for taxpayers who are subject to VAT. Companies that are not residents of Saudi Arabia are exempt.
e-SignatureIt is mandatory to comply with the XADES standard.
Print formatInvoices must include the QR code, which recipients will be able to use to verify the authenticity of invoices.
Fiscal controlFor invoices to be considered valid they must include a unique code called the Universally Unique Identifier (UUID generated and signed by the ZATCA)
FormatUBL-XML or XML with an encrusted PDS. It must be generated in a legible version for recipients.
StorageElectronic Invoices, electronic notes, and associated data according to the requirements established by article (66) of the VAT regulation must be stored in an electronic format.
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