the electronic invoicing regulations
The grace period for compliance with the electronic invoicing regulations, penalties for non-compliance with electronic invoices, their components, storage methods, storage conditions, and issuance languages are among the most frequently asked questions about the new electronic invoicing system. Some people wonder about the grace period for complying with the new electronic invoicing system, as well as the penalties for non-compliance, its components, how to store it, the conditions for storage, and the available languages for issuing it. We will detail these inquiries below.
The grace period for compliance with the electronic invoicing regulations, the penalties for non-compliance with the electronic invoice, its components, how to save it, the conditions for its preservation, and the languages of its issuance.
Is there a grace period for compliance with the electronic invoicing regulation?
Yes. Persons subject to the electronic invoicing regulation are granted a grace period starting from the date of publication of the regulation in the Official Gazette until December 4, 2021.
The grace period for compliance with the electronic invoicing regulations, the penalties for non-compliance with the electronic invoice, its components, how to save it, the conditions for its preservation, and the languages of its issuance.
Are there penalties and fines for non-compliance with the regulations?
Penalties related to tax invoices and debit and credit notices will be applied according to what is stated in the value-added tax system and its executive regulations, after the start of the mandatory implementation of issuing and storing electronic invoices and debit and credit notices on December 4, 2021.
The grace period for compliance with the electronic invoicing regulations, the penalties for non-compliance with the electronic invoice, its components, how to save it, the conditions for its preservation, and the languages of its issuance.
What are the components of an electronic invoice?
The provisions, requirements and conditions related to electronic invoices for value-added tax purposes in accordance with Article Fifty-Three of the Executive Regulations for Value-Added Tax, in addition to any other fields that will be determined later by the Authority to ensure the success of the transition to electronic invoicing.
The grace period for compliance with the electronic invoicing regulations, the penalties for non-compliance with the electronic invoice, its components, how to save it, the conditions for its preservation, and the languages of its issuance.
How are electronic invoices saved? Are there any conditions for preservation?
Since the electronic invoice is a tax invoice in accordance with the provisions of the value-added tax system, all provisions that apply to tax invoices apply to it, including the rules for keeping tax invoices stipulated in the value-added tax legislation, and in particular what is stated in Article 66 of the executive regulations of the value-added tax system.
The grace period for compliance with the electronic invoicing regulations, the penalties for non-compliance with the electronic invoice, its components, how to save it, the conditions for its preservation, and the languages of its issuance.
What languages are available for processing and issuing the electronic invoice?
The electronic invoice must be issued in Arabic, but it can be issued in other additional languages in addition to Arabic.
