- The Zakat, Tax and Customs Authority (ZATCA) has announced that taxpayers with annual revenues subject to value-added tax exceeding 50 million SAR during either 2021 or 2022 must integrate their e-billing systems and share their data with the authority as part of Phase 2 of the e-invoicing implementation.
- This applies to the seventh wave of e-invoicing in Saudi Arabia, and affected taxpayers must comply within the specified timeframe starting from February 1, 2024, until May 31, 2024. ZATCA will notify eligible taxpayers and provide them with the means of communication required by the authority.
- Compliance with these regulations will enhance transparency in the tax ecosystem.
Source Aurifer
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