The Kingdom of Saudi Arabia (KSA) has undertaken several initiatives in the last few years pertaining to different facets of economic restructuring. Conversion to International Financial Reporting Standards, Introduction of…
By Jan 01, 2023 to be compliant with ZATCA Phase 2 E-Invoicing is the objective of every VAT registered entity in the Kingdom of Saudi Arabia. Phase 2 known as…
ONE Current account deficit till 2025-26 is projected to be around $ 12 bn each year and “external financing needs” to reach at a level of $ 37 bn from…
Corporate taxation is recently being introduced in UAE. The tax rate is “9% on “Accounting Profit with minimum adjustments”. These adjustments are not yet identified by the authorities, and it…
It is natural to assume that startups solving various business problems through automation are more likely to adopt Technology for bringing improvisation within their own internal processes. However, would that…
Call it a political maneuvering, incompetence of economic managers, or an inability of leadership to take decisions at the right time; in the end, it is a matter of shame…
As the E-Invoice generation deadline of Dec 4th,2021 is approaching fast we are pleased to share that Zakat,Tax and Customs Authority (ZATCA) has named Hyphen Consultancy’s GoFatoorah as the qualified…
Kingdom of Saudi Arabia on numerous fronts including economy and public financial management has been going through various transformational changes since last few years. Conversion to International Financial Reporting Standards (IFRS) for…
As part of bringing transparency in the entire value chain of business transactions and for plugging the tax gap, Saudi Arabia started moving towards adopting the e-invoicing throughout the kingdom.…
The word “e” is an interesting one. For a fruit vendor running his shop at the corner of the road, an invoice generated from MS Word vs. the manual one…