Saudi Arabia: Fifth wave of e-invoicing applicability
VAT-registered taxpayers meeting the criteria need to integrate e-invoicing solutions starting from 1 December 2023.
VAT-registered taxpayers need to integrate e-invoicing solutions 1 December 2023
The Zakat, Tax and Customs Authority (ZATCA) determined the criteria for selecting the targeted taxpayers in the fifth wave for implementing the “Integration Phase” of electronic invoicing (e-invoicing).
ZATCA clarified that the fifth wave included all taxpayers with revenues subject to value added tax (VAT) that exceeded 100 million Saudi Riyals during 2021 or 2022. VAT-registered taxpayers meeting the criteria need to integrate e-invoicing solutions with the “FATOORA platform” starting from 1 December 2023.
For prior coverage, read TaxNewsFlash.
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