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

---

Click on the logo to visit the website

---

• 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

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

---