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New taxpayer group in scope of Phase 2 of e-invoicing announced

The Saudi Arabian Tax and Customs Authority, ZATCA, announced the seventh wave of Phase 2 of e-invoicing. The seventh wave covers taxpayers with at least SAR 50 million (app. USD 13 million) revenue subject to VAT for 2021 or 2022. Taxpayers within this group are expected to integrate as of February 1, 2024.

Source: SOVOS

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