The Zakat, Tax and Customs Authority (ZATCA) on 28 April 2023 announced the fourth wave for implementing phase 2 of the electronic invoicing (e-invoicing) mandate. Beginning 1 November 2023, taxpayers with revenues subject to value added tax (VAT) exceeding SAR 150 million for the year 2021 or 2022 must comply with phase 2 of the mandate.
Source: KPMG
