Preparing for the Future: The Impact of Mandatory E-invoicing Regulations in the Middle East
To promote tax compliance, fair competition, and consumer protection, countries such as Saudi Arabia and Egypt have recently announced a mandatory shift to a 100% e-invoicing framework. As continuous transaction control (CTC) gains more foothold, the upcoming transition is a great business opportunity.
While preparing for the next major change in their business infrastructure, companies in the Middle East are leaving behind error-prone and time-consuming manual processes favouring modern solutions. By strategically leveraging cut-edge invoicing platforms, organisations now enjoy robust systems that consolidate communication with customers and suppliers while improving transaction trackability.
- What is the impact of mandatory e-invoicing on businesses?
- How can the new regulations indirectly influence relationships with clients and suppliers?
- What are the advantages of incorporating e-invoicing into trade financing programs?