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

May 6, 2021

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

Join VAT expert Selin Ring as she explains Saudi Arabia's upcoming e-invoicing mandate in under seven minutes.

Sovos

Author

Sovos

This blog was last updated on May 10, 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?

Sovos

Sovos is a global provider of tax, compliance and trust solutions and services that enable businesses to navigate an increasingly regulated world with true confidence. Purpose-built for always-on compliance capabilities, our scalable IT-driven solutions meet the demands of an evolving and complex global regulatory landscape. Sovos’ cloud-based software platform provides an unparalleled level of integration with business applications and government compliance processes. More than 100,000 customers in 100+ countries – including half the Fortune 500 – trust Sovos for their compliance needs. Sovos annually processes more than three billion transactions across 19,000 global tax jurisdictions. Bolstered by a robust partner program more than 400 strong, Sovos brings to bear an unrivaled global network for companies across industries and geographies. Founded in 1979, Sovos has operations across the Americas and Europe, and is owned by Hg and TA Associates.

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