The Saudi Arabian Tax and Customs Authority, ZATCA, announced the fifth wave of Phase 2 of e-invoicing. The fifth wave covers taxpayers with at least SAR 100 million (app. USD 26 million) revenue subject to VAT for 2021 or 2022. Taxpayers within this group are expected to integrate as of December 2023.
Phase 2 of e-invoicing introduces additional requirements for e-invoices and taxpayers are expected to integrate their e-invoice generation solutions with ZATCA’s platform, FATOORA. ZATCA informs taxpayers in scope at least six months before their enforcement date.
For further details on the e-invoicing mandate, you can visit our website.
