• Saudi Arabia, 26 April 2024

ZATCA Sets Criteria for 11th Wave of E-Invoicing Integration Phase

The Zakat, Tax, and Customs Authority (ZATCA) has specified the selection criteria for taxpayers involved in the 11th wave of the E-invoicing Integration Phase. This phase targets VAT-registered businesses with annual revenues exceeding 15 million Saudi Riyals during 2022 or 2023. These businesses are required to integrate their e-invoicing systems with ZATCA’s FATOORA platform starting November 1, 2024.

ZATCA outlines that this second phase of e-invoicing will introduce more complex requirements than the initial Generation Phase. These include integrating e-invoicing systems to ZATCA’s FATOORA, issuing e-invoices in a specified format, and incorporating additional fields in the invoices. This phase will roll out in stages, with subsequent waves being notified at least six months before their integration date.

The progression to Phase Two reflects ongoing economic development and digital transformation initiatives within the Kingdom, aiming to enhance consumer protection and streamline tax compliance processes. This follows the successful implementation of Phase One, initiated on December 4, 2021, which mandated the transition from traditional invoicing methods to a compliant e-invoicing system that includes specific technological requirements such as QR codes.

 

  • Saudi Arabia, 5 April 2024

Saudi Arabia announces 10th Wave of e-Invoicing Integration Phase.

The Zakat, Tax, and Customs Authority (ZATCA) has announced the selection criteria for Wave 10 of the e-Invoicing “Integration Phase.” This strategic move marks a significant step towards a more digitally inclusive business landscape.

ZATCA Targets Businesses for E-Invoicing: A Gradual Embrace

The Zakat, Tax, and Customs Authority (ZATCA) has outlined the selection criteria for Wave 10 of e-Invoicing. This phase will focus on businesses with VAT-related revenue exceeding 25 million Saudi Riyals in fiscal years 2022 or 2023.

ZATCA Smooths the Path for E-Invoicing Compliance

To ensure a smooth transition for businesses selected in Wave 10, the Zakat, Tax, and Customs Authority (ZATCA) has taken a proactive step. Starting October 1st, 2024, all targeted taxpayers will receive notifications to integrate their e-Invoicing systems with the FATOORA Platform. This advance notice provides ample time for businesses to prepare and adjust their invoicing solutions to meet the new standards.