Saudi Arabian VAT invoice requirements
- VAT invoices must be issued for all taxable supplies and/or related payments
- Invoices must be issued by at least the 15th of the month following the taxable supply
- Invoices should include the following details:
- Date of invoice (and date of supply if different)
- Unique, sequential invoice number
- Tax ID number of the supplier
- Name and address of the supplier and customers
- Description and quantity of the goods supplies; nature of services provided
- Gross, VAT and net values of supply
- VAT rate applied, and explanation where not the standard rate
- Simplified invoices are permitted where the taxable supply is below Riyals 1,000; this excludes the VAT calculation and address of the customer
- Electronic invoices must be issued where prescribed by the tax authorities
- Invoice credit or debit notes must contain a reference to the original sales invoice number, plus any details of a discount
Latest Saudi news
July 29, 2019
Saudi Arabia’s General Authority of Zakat and Tax (GAZT) has dropped the requirement for foreign VAT-registered businesses to appoint a local fiscal representative. The measure was implemented on 18 July 2019....
October 5, 2018
The Saudi Arabian tax authority has published guidance on the reverse charge rules for B2B supplies provided by non-residents. As with most VAT regimes,...
April 23, 2018
Following the 1 January 2018 launch of 5% VAT in Saudi Arabia, over 4,700 violations have been found from 12,578 audits of businesses. The...
February 15, 2018
The International Monetary Fund (IMF) has declared that the Arab Gulf states of Bahrain, Qatar, Oman and Kuwait will not be prepared for the...
January 30, 2018
The Kingdom of Saudi Arabia is relaxing the requirement to produce simplified invoices for B2C sales under the new VAT regime. Initially following the...
January 14, 2018
Saudi Arabia has reclassified privately provided education as zero-rated for VAT from standard rated. The change will match the classification of non-state supplied education...
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