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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 was built to solve the complexities of the digital transformation of tax, with complete, connected offerings for tax determination, continuous transaction controls, tax reporting and more. Sovos customers include half the Fortune 500, as well as businesses of every size operating in more than 70 countries. The company’s SaaS products and proprietary Sovos S1 Platform integrate with a wide variety of business applications and government compliance processes. Sovos has employees throughout the Americas and Europe, and is owned by Hg and TA Associates.
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