The Zakat, Tax, and Customs Authority (ZATCA) has officially announced the inclusion of the sixth wave of taxpayers into Phase 2 (Integration Phase) of mandatory e-invoicing. This latest wave encompasses businesses with an annual income ranging from SAR 70 million to SAR 100 million in either 2021 or 2022. These taxpayers will be required to adhere to the national FATOORAH regime starting from January 1, 2024. However, ZATCA will provide them with a specific date for compliance, which will fall between January and April 2024. It’s worth noting that Phase 1 was implemented in December 2021.
Source: tpa-global.com
Latest Posts in "Saudi Arabia"
- Saudi Arabia VAT Guide for Cross-Border Sellers
- Saudi Arabia ZATCA Announces 24th Group E-Invoicing Integration Rules by 2026
- Saudi Arabia to Launch E-Invoicing Wave 24 by June 30, 2026
- Saudi Arabia Announces Criteria for 24th Wave of VAT E-Invoicing System Integration
- Mandatory Shipment Certificate for Imports to Saudi Arabia Starting October 2025
