On 24 March 2023, ZATCA announced that the criteria for taxpayers required to comply with the Integration Phase requirements from 1 October 2023 have been established.
The Kingdom of Saudi Arabia is further extending for taxpayers to adhere to the requirements for obligatory issuance of electronic invoices and integration to the FATOORA platform. The required participants for the third wave of Phase 2 (Integration Phase) are taxpayers with revenues subject to VAT surpassing SAR 0,25 billion (ca. EUR 62 million).
Source Pagero
Click on the logo to visit the website
Latest Posts in "Saudi Arabia"
- 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
- Saudi Arabia Simplifies Proof of Origin Rules for GCC Imports, Removes Guarantee Requirement
