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

The Saudi Arabian Tax and Customs Authority (ZATCA) has announced the ninth wave of Phase 2 of e-invoicing. This wave includes taxpayers with a revenue of at least SAR 30 million subject to VAT for 2021 or 2022. These taxpayers are expected to integrate with ZATCA’s platform, FATOORA, starting from June 1, 2024. Phase 2 of e-invoicing introduces additional requirements for e-invoices, and affected taxpayers will receive a minimum six-month notice prior to enforcement. For more information on the e-invoicing mandate, please visit our website.

Source Sovos

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