According to the announcement, ZATCA clarified that the seventh wave included all taxpayers whose revenues subject to value added tax (VAT) exceeded 50 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 seventh wave, this mandate will start from 1 February 2024 until no later than 31 May 2024.
Source: KPMG
Latest Posts in "Saudi Arabia"
- Briefing document: Saudi Arabia FATOORAH E-invoicing Compliance
- Saudi Arabia Launches VAT Refund Service for Tourists to Boost Economic Diversification and Tourism
- Saudi Arabia’s ZATCA Phase 23 E-Invoicing: Key Compliance Steps for 2025 Roll-Out
- Saudi Arabia Introduces VAT Refund Program to Boost Tourism and Shopping Experience
- Saudi Arabia Introduces VAT Refund for Tourists, GCC Nationals on Purchases Over SAR 500
