ZATCA announces that the first wave of selected taxpayers will start using the e-Invoicing project’s Phase Two (Integration Phase) on January 1, 2023. It should be noted that the taxpayers in the first wave were chosen based on their revenue subject to VAT for the year 2021 exceeding 3 billion SAR. Phase Two of the electronic invoicing project contains additional requirements. The three most important ones are to issue electronic invoices according to a particular format, including new fields in the invoice, and interface taxpayers’ e-Invoicing solutions with ZATCA’s Platform (FATOORA).
Source SNI
Latest Posts in "Saudi Arabia"
- The Ministry of Finance defined penalties for non-compliance with the e-invoicing system
- Saudi Arabia 2025: Stricter Excise Tax Rules, Digital Tracking, and Tougher Penalties Announced
- Saudi VAT Grouping Overhauled: Stricter Criteria, New Exclusions, and Compliance Demands for 2025
- ZATCA Calls on Taxpayers to Benefit from Fines Cancellation and Penalties Exemption Before Deadline
- Saudi VAT 2025: Digital Marketplaces Face New Deemed Supplier Liabilities and Compliance Challenges
