- Saudi Arabia announced criteria for the twenty-second wave of VAT e-invoicing integration.
- The integration is part of the electronic invoicing mandate.
- The wave starts by December 31, 2024.
- Applies to taxpayers with VAT-taxable revenue over 1 million Saudi riyals in 2022, 2023, or 2024.
- Selected taxpayers will be notified at least six months before their linkage date.
- Integration includes technical requirements like issuing e-invoices in a specific format and adding extra data fields.
- These criteria identify the next group of taxpayers for the Fatoora system expansion.
Source: globalvatcompliance.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
