- E-invoicing requirement in Saudi Arabia extended to 14th group of taxpayers from February 1, 2025
- Criteria for the 14th group announced by the Zakat, Tax and Customs Authority (ZATCA) on July 26, 2024
- Taxpayers whose VAT-liable revenues exceeded SAR 5 million in 2022 or 2023 included in the 14th group
- Second phase of e-invoicing system implementation involves integrating taxpayers’ solutions with the FATOORA Platform
- Mandate for the 14th group to commence on February 1, 2025
- Additional requirements for issuing e-invoices in a specific format and storing them, including the QR code
- ZATCA urges taxpayers to prepare for the second phase and seek guidance if necessary
- Non-compliance with e-invoicing system may lead to penalties
Source: kpmg.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.
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