- ZATCA sets criteria for selecting taxpayers for integration phase of e-invoicing in KSA
- Phase targets taxpayers with VAT-liable revenues exceeding SAR 25 million in 2022 or 2023
- Selected taxpayers to integrate e-invoicing systems with FATOORA platform on specific dates
- KSA Tax Authority encourages early preparation and compliance with e-invoicing requirements
- Phase Two involves integrating with FATOORA platform, adhering to specific invoice formatting standards
- ZATCA considers second phase critical for Saudi Arabia’s economic development and digital transformation
- First phase required taxpayers to stop using handwritten or basic digital invoices
- Strong continuation of e-invoicing project expected based on initial phase compliance
Source: mailchi.mp
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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