The Saudi Arabian Tax and Customs Authority, ZATCA, announced the eleventh wave of Phase 2 of e-invoicing. The eleventh wave covers taxpayers with at least SAR 15 million (app. USD 4 million) revenue subject to VAT for 2022 or 2023. Taxpayers within this group are expected to integrate as of 1 November 2024.
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 provides a minimum six-month notice to the affected taxpayers prior to their respective enforcement dates. For further details on the e-invoicing mandate, please visit our website.
