- Integration Announcement: The Saudi General Authority of Zakat and Tax (GAZT) has announced the commencement of the twentieth phase of VAT e-invoicing integration with the Fatoora platform, starting on October 31.
- Eligibility Criteria: This phase targets taxpayers with VAT-taxable revenues exceeding 1.5 million Saudi riyals (approximately USD 399,930) in 2022 or 2023, and they will be notified at least six months prior to their linkage date.
- Compliance Requirements: The integration will introduce new compliance mandates, such as issuing e-invoices in a specified format and including mandatory fields, prompting eligible taxpayers to prepare accordingly for the transition.
Source: GVC
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