Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA) has announced the criteria for the fourth wave of taxpayers that must comply with Phase 2 of the e-invoicing requirements.
Taxpayers that generated revenue of at least 150 million Riyals which are subject to VAT for either 2021 or 2022 start their Phase 2 implementations as of 1 November 2023.
ZATCA notifies taxpayers in the fourth wave at least six months before the enforcement date of their new e-invoicing requirements.
Source Sovos
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