The Saudi Arabian Tax and Customs Authority, ZATCA, announced the twelfth wave of Phase 2 of e-invoicing. The twelfth wave covers taxpayers with at least SAR 10 million (app. USD 2.6 million) revenue subject to VAT for 2022 or 2023. Taxpayers within this group are expected to integrate as of 1 December 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.
