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Saudi Arabia’s FATOORAH Initiative: Mandatory e-Invoicing from 2025

  • Starting January 1, 2025, businesses in Saudi Arabia with VATable income over 7 million Saudi Rials in 2022 or 2023 must integrate their e-Invoicing systems with the FATOORAH platform.
  • The FATOORAH initiative by ZATCA aims to enhance tax compliance and streamline invoicing processes for B2B, B2C, and B2G transactions.
  • The implementation will occur in two phases, with phase 1 already implemented in December 2021, and phase 2 requiring businesses with significant VATable income to integrate with the FATOORAH platform by January 2025. This will ensure comprehensive compliance and efficient tax reporting.

Source RTCsuite


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