Saudi Arabia: Proposed changes to E-invoicing Procedural Rules for Financial Services Sector
06 June, 2022
In brief
The Zakat, Tax and Customs Authority (‘ZATCA’) has proposed certain changes to the Controls, Requirements, Technical Specifications and Procedural Rules for Implementing the Provisions of the E-invoicing Regulations for the Financial Services sector.
The draft resolution and associated supportive documents were published on the Public Consultation Platform of the National Competitiveness Center on 27 May 2022 - for public consultation. Interested stakeholders and taxpayers are encouraged to express their opinion on this platform and share feedback on the draft amendments no later than 10 June 2022.
In detail
Changes have been proposed by ZATCA to the following documents:
The objective of the proposed changes is to provide further clarity to the taxpayers on the technical aspects governing the implementation of the E-invoicing procedures and rules. The proposed changes include:
Amendments with respect to the visibility of the fields on the face of the invoice/ XML.
Amendments to the applicability of the business rules on the XML specification.
Further clarifications on field level specifications which were not articulated in the previous version of published E-invoicing regulation.
Further clarification on security aspects like CSR, CSID, QR code etc.
Should you wish to find out more about the suggested changes or discuss these or E-invoicing in general, feel free to reach out to your regular tax advisor or one of our PwC colleagues mentioned on the next page.
The Takeaway
The public consultation forum presents a unique opportunity for interested stakeholders to share views and highlight any improvement areas regarding the proposed amendments.
Any feedback should be shared with ZATCA no later than 10 June 2022 through the prescribed channel.
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Chadi Abou Chakra
Middle East Indirect Tax Network Leader, PwC Middle East
Tel: +966 11 211 0400 Ext: 1858
Guido Lubbers
ITX Partner | TLS Middle East Consumer Markets leader, PwC Middle East
Tel: +966 54 110 0432
Ebrahim Karolia
Partner, International Tax and M&A Services, PwC Saudi Arabia
Tel: +966 11 211 0400 ext. 1771
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