The Zakat, Tax and Customs Authority (ZATCA) has announced the criteria for the twenty-third group of taxpayers required to comply with Phase 2 of the e-invoicing mandate in Saudi Arabia.
Taxpayers with annual revenues subject to Value Added Tax (VAT) between SAR 0.75 million (approx. EUR 188,000) and SAR 1 million (approx. EUR 250,000), highest in 2022 or 2023 and 2024, will be included in the 23rd wave of Phase 2 e-invoicing integration.
ZATCA will begin notifying affected taxpayers to prepare for integration with the FATOORA platform. These businesses must comply with the Phase 2 e-invoicing requirements by 31 March 2026.
Phase 2 of e-invoicing in Saudi Arabia requires businesses to connect their e-invoicing systems with ZATCA’s centralized e-invoicing platform (FATOORA), submit B2B invoices to ZATCA for clearance before they are issued to customers, and to report B2C invoices.
Businesses falling within this new wave should verify their eligibility based on their revenues and prepare for timely integration with the FATOORA platform.
Want to understand more about e-invoicing requirements in Saudi Arabia and how they will impact your business? Read our Saudi Arabia – E-Invoicing dedicated webpage.
For more updates on developments in Saudi Arabia and other countries, subscribe to our Regulatory Analysis page.
