Logo of Zakat, Tax and Customs Authority
Zakat, Tax and Customs Authority (ZATCA) announced the main penalties related to the enactment of the first phase of the electronic invoicing (e-invoicing), according to a statement.
The first phase, known as “the generation phase”, will begin on Dec. 4.
The authority set a fine of SAR 5,000 for the businesses that do not issue and archive an e-invoice.
Meanwhile, businesses may receive a warning for not including a QR code in an e-invoice, not writing the value-added tax (VAT) registration number or not informing the authority of the reasons that may stop the e-invoicing generation process, if any. In case of cancelling the e-invoice after being issued, the taxpayer will pay a fine of SAR 10,000.
ZATCA also indicated that taxpayers should stop issuing handwritten invoices and that invoices written using text editing tools will not be considered e-invoices. It also urged taxpayers to use compliant electronic invoicing solutions to maintain e-invoices log.
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