Audio Blog: Saudi Arabia: The Gulf’s CTC Pioneer

Sovos
May 6, 2021

Saudi Arabia will start its introduction of a new e-invoicing system from 4 December 2021. The mandate will require all taxable persons residing in the Kingdom to generate, process and store e-invoices electronically. In this episode of the Sovos Expert Series, Harri Vivian sits down with Selin Ring, Regulatory Counsel at Sovos, to explain how Saudi Arabia is leading the Gulf Region towards continuous transaction controls.

Listen as she answers your most critical questions:

Question 1: Can you give us a high-level overview a to what the E-Invoicing Regulation requires?

Question 2: What are the rollout dates for the e-invoicing mandate?

Question 3: As Saudi Arabia leads the way towards CTCs in the Gulf Region, will its neighbours follow the Kingdom towards mandatory e-invoicing?

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Author

Sovos

Sovos is a leading global provider of software that safeguards businesses from the burden and risk of modern transactional taxes. As VAT and sales and use tax go digital, businesses face increased risks, costs and complexity. The Sovos Intelligent Compliance Cloud is the first complete solution for modern tax, giving businesses a global solution for tax determination, e-invoicing compliance and tax reporting. Sovos supports more than 7,000 customers, including half of the Fortune 500, and integrates with a wide variety of business applications. The company has offices throughout North America, Latin America and Europe. Sovos is owned by London-based Hg. For more information visit www.sovos.com and follow us on LinkedIn and Twitter.
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