VATupdate

Share this post on

Saudi Arabia: New Taxpayer Group in Scope of Phase 2 of e-Invoicing Announced

  • The Saudi Arabian Tax and Customs Authority (ZATCA) has announced the 16th wave of Phase 2 of the e-invoicing initiative, which applies to taxpayers with a revenue of at least SAR 3 million subject to VAT during 2022 or 2023.
  • Taxpayers in this group are required to integrate their e-invoice generation solutions with ZATCA’s platform, FATOORA.
  • ZATCA provides a six-month notice to affected taxpayers before their enforcement dates, and taxpayers in the 16th wave are expected to integrate with the system by April 1, 2025.

Source Sovos


Click on the logo to visit the website


See also

  • Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE

 

Sponsors:

VAT news
VAT news

Advertisements: