ZATCA's Wave 23 of Phase 2 e-invoicing integration targets VAT-registered businesses in Saudi Arabia with taxable turnover over SAR 750,000 for 2022-2024. Integration with Fatoora must be completed by 31 March 2026. Requirements include API connectivity, compliant invoice formats, QR codes, and real-time reporting. Early preparation aids compliance and operational efficiency. ZATCA has announced W... Read more

Saudi Arabia's ZATCA Phase 2 e-invoicing mandates VAT-registered businesses to integrate invoicing systems with the Fatoora platform, generating XML invoices and enabling real-time reporting. Phases 18–22 target progressively smaller businesses from 2023 to 2026, requiring compliance with new standards. Core requirements include secure XML invoices, cryptographic stamps, QR codes, and real-time re... Read more

The Department of Taxation's letter No. 2193/CT-CS (April 8, 2026) specifies VAT invoice guidance: TIN not required for buyers without one. Sales discounts require VAT refunds and additional declarations for returned goods. Corrections for missing input VAT may be submitted prior to audits, impacting tax payable or refundable VAT. The Department of Taxation's official letter No. 2193/CT-CS, dated... Read more

UAE businesses must prepare for mandatory e-invoicing by July 1, 2026, selecting accredited service providers. The phased rollout starts January 1, 2027, enhancing VAT processing with structured, real-time invoice formats. UAE businesses are entering a critical preparation phase for mandatory e-invoicing, with July 1, 2026 set as the main deadline to select an accredited service provider (ASP). T... Read more

In the UAE, the Tax Registration Number (TRN) and VAT number are a single 15-digit code issued by the FTA, necessary for VAT compliance. Registration is mandatory for taxable turnover exceeding AED 375,000, with voluntary registration allowed at AED 187,500. Operating without a TRN or using an incorrect one may incur penalties up to AED 5,000. The TRN is essential for charging and reclaiming 5% VA... Read more

Colombia has a comprehensive real-time e-invoicing system overseen by DIAN, requiring digitization of commercial transactions. All VAT-registered businesses must issue Factura Electrónica de Venta (FEV) for B2B and B2G transactions, with real-time clearance mandated since November 2020. Consumers also receive electronic receipts. Exports utilize a special electronic invoice, while imports require... Read more