- On November 1, 2024, the Zakat, Tax and Customs Authority (ZATCA) announced that businesses with annual VAT revenue exceeding SAR 2.5 million (approximately EUR 616,000) in 2022 or 2023 are required to comply with Phase 2 of Saudi Arabia’s e-invoicing mandate.
- These businesses must integrate with the FATOORA platform by July 31, 2025, as part of Saudi Arabia’s efforts to streamline VAT processes and enhance tax administration through digital invoicing, with ZATCA providing notifications to ensure affected taxpayers are prepared for compliance.
Source Comarch
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
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