24 Hrs
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أخبار 24
Electronic invoicing for high-revenue firms
The electronic invoicing system will be implemented for entities with revenues exceeding 187,500 Saudi Riyals starting from February 1, 2024. The system aims to improve tax collection processes and enhance transparency, with the expectation that a large number of companies and institutions will join during the initial phase. The Zakat, Tax, and Customs Authority continues to carry out this measure to strengthen oversight and reduce tax evasion in the Kingdom.
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