According to the announcement, the sixth group of taxpayers will consist of those with revenues subject to value added tax (VAT) exceeding 70 million Saudi Riyals during 2021 or 2022. The integration phase of e-invoicing is also known as the “Phase 2” of compliance and consists of integrating the e-invoicing solutions of the taxpayers with the “FATOORA Platform.” For the sixth group of taxpayers, this mandate will start from 1 January 2024.
Source: kpmg.com
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