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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:

  1. E-invoicing resolution (Available in Arabic)

  2. XML Implementation standards (Available in English)

  3. E-invoicing data dictionary (Available in English)

  4. Security features implementation standards (Available in English)

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.

 

Contact us

Mohammed Yaghmour

Middle East Tax & Legal Services Leader, PwC Middle East

Tel: +966 56 704 9675

Mohammed Al-Obaidi

Zakat and Tax Leader, PwC Middle East

Tel: +966 50 525 6796

Yaseen AbuAlkheer

Partner, Zakat and Tax, PwC Middle East

Tel: +966544250540

Mohammad Hussein Amawi

Partner, Zakat and Tax, PwC Middle East

Tel: +966 55 800 9697

Chadi Abou Chakra

Middle East Indirect Tax Network Leader, PwC Middle East

Tel: +966 11 211 0400 Ext: 1858

Guido Lubbers

Partner - Indirect tax and fiscal policy, PwC Middle East

Tel: +966 54 110 0432

Fehmi Mounla

Partner, Zakat and Tax, PwC Middle East

Tel: +966 2 610 4400

Mohamed Harby

Partner, Zakat and Tax, PwC Middle East

Tel: +966 56 907 2618

Fayez Aldebs

Partner, Zakat and Tax, PwC Middle East

Tel: +966 54 400 1037

Ebrahim Karolia

Partner, International Tax and M&A Services, PwC Saudi Arabia

Tel: +966 11 211 0400 ext. 1771

Suleman Mulla

Partner, International Tax, PwC Middle East

Tel: +966 54 122 8051

Wael Osman

Tax & Zakat Partner, PwC Middle East

Tel: +966 13 849 6311

Mugahid Hussein

Partner, Zakat and Tax, PwC Middle East

Tel: +966 54 425 6573

Zachary Noteman

Transfer Pricing Partner, PwC Middle East

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