The Saudi Arabian Tax and Customs Authority (ZATCA) decided to suspend the implementation of e-invoicing for the supplies of eligible used cars until a future date to be announced.
ZATCA announced the activation of Article 48 of the VAT Regulation and the implementation of the profit margin scheme for eligible used cars starting from 1 July 2023. Additional information must be included in the invoices issued by taxpayers who are eligible to apply the profit margin scheme on the eligible used cars.
ZATCA published a guide for the implementation of the profit margin scheme on the supplies of eligible used cars.
For more details on the e-invoicing in Saudi Arabia, you can visit our website.
