Saudi Arabia: New Taxpayer Group in Scope of Phase 2 of e-Invoicing Announced

Victor Duarte
October 1, 2024

The Saudi Arabian Tax and Customs Authority (ZATCA) announced the 16th wave of Phase 2 of the e-invoicing initiative. The 16th wave includes taxpayers with a revenue of at least SAR 3 million (approximately USD 800.000) subject to VAT during 2022 or 2023. Taxpayers within this group are expected to integrate with the system as of April 1st, 2025.

Phase 2 of the e-invoicing mandate introduces additional requirements for e-invoices. Taxpayers are expected to integrate their e-invoice generation solutions with ZATCA’s platform, FATOORA. ZATCA provides a six-month notice to affected taxpayers before their respective enforcement dates.

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Author

Victor Duarte

Victor is a Senior Regulatory Counsel at Sovos. Based in Stockholm and originally from Venezuela, he obtained a Law degree and a specialisation degree in Tax Law in his home country. Victor also earned a Master´s degree in European and Internal Tax Law from Lund University in Sweden.
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