E-invoicing Fines & Penalties Under ZATCA Regulations
E-invoicing is compulsory in Saudi Arabia, and all businesses are required to undertake ZATCA-approved e-invoicing in Riyadh and elsewhere. ZATCA has introduced stringent regulations to guarantee the full transparency of financial transactions to avoid tax evasion. Non-compliance with these regulations may attract hefty fines and penalties, which may thereby cause some hindrance in business operation….