Saudi Arabia and United Arab Emirates
Posted: Mon Jan 06, 2025 6:03 am
In Brazil , for example, electronic invoicing was introduced as early as 2006.
The government has created a central system, SPED (Sistema Público de Escrituração Digital) to manage all electronic invoices. Since 2018, companies that exceed a certain turnover are required to issue only electronic invoices.
In Mexico, electronic invoicing was introduced in 2011. And since 2014, all companies hungary whatsapp resource are required to issue electronic invoices through the centralized system CFDI (Comprobante Fiscal Digital por Internet). The situation is however being updated, with the transition to a new version of the electronic invoice, the so-called CFDI 4.0.
Also in Argentina all companies are required to issue electronic invoices. As well as in Peru, Colombia, Chile.
In Saudi Arabia (an increasingly important and interconnected market), B2B electronic invoicing has been mandatory since the end of 2021 , when the first phase of implementation began.
The second was launched in January 2023 and involves integration with the centralized ZATCA system. Currently, non-resident companies that do not have branches based in the territory are exempt.
The United Arab Emirates is moving in the same direction , with the publication of a provision that will make e-invoicing mandatory in the B2B sector, using methods similar to those adopted by Saudi Arabia.
Furthermore, from 1 February 2023, import invoices with a value of AED 10,000 or more (approximately €2,400) must be certified by the UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC) via the eDAS system.
The government has created a central system, SPED (Sistema Público de Escrituração Digital) to manage all electronic invoices. Since 2018, companies that exceed a certain turnover are required to issue only electronic invoices.
In Mexico, electronic invoicing was introduced in 2011. And since 2014, all companies hungary whatsapp resource are required to issue electronic invoices through the centralized system CFDI (Comprobante Fiscal Digital por Internet). The situation is however being updated, with the transition to a new version of the electronic invoice, the so-called CFDI 4.0.
Also in Argentina all companies are required to issue electronic invoices. As well as in Peru, Colombia, Chile.
In Saudi Arabia (an increasingly important and interconnected market), B2B electronic invoicing has been mandatory since the end of 2021 , when the first phase of implementation began.
The second was launched in January 2023 and involves integration with the centralized ZATCA system. Currently, non-resident companies that do not have branches based in the territory are exempt.
The United Arab Emirates is moving in the same direction , with the publication of a provision that will make e-invoicing mandatory in the B2B sector, using methods similar to those adopted by Saudi Arabia.
Furthermore, from 1 February 2023, import invoices with a value of AED 10,000 or more (approximately €2,400) must be certified by the UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC) via the eDAS system.