Saudi Arabia Announces Wave 22 of Phase 2 E-Invoicing for High-Revenue Taxpayers

• Announcement of Phase 2 Compliance: The Saudi Arabia Zakat, Tax and Customs Authority (ZATCA) has announced that taxpayers with a taxable turnover exceeding SAR1 million in 2022, 2023, or 2024 must comply with the Phase 2 e-invoicing integration by December 31, 2025.
• Integration Timeline: Affected taxpayers will need to integrate their electronic invoicing systems with ZATCA’s platform (Fatoora) between October 1, 2025, and December 31, 2025, with notifications being issued by ZATCA to the relevant businesses.
• Background on E-invoicing Phases: E-invoicing was introduced in Saudi Arabia in December 2020, with Phase 1 requiring e-invoices generation and Phase 2 mandating system integration and e-invoice transmission, which is being implemented in multiple waves based on taxable turnover thresholds.

Source:

• Sovos
• EY

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• See also
  • E-Invoicing/Real Time Reporting – What can you find on VATupdate.com
  • Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
  • Collection of E-Invoicing Guides – Worldwide – VATupdate
  • Briefing / Comprehensive Guides (incl. podcasts)

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