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ZATCA Criteria for Targeted Taxpayers in Wave 12 for E-invoicing Integration Phase

  • ZATCA determines criteria for selecting targeted taxpayers in Wave 12 for E-invoicing Integration Phase
  • Twelfth Wave includes taxpayers with VAT revenues exceeding SAR 10 Mn in 2022 or 2023
  • Targeted taxpayers must integrate E-invoicing solutions with Fatoora Platform by December 1, 2024
  • Phase Two (Integration Phase) has additional requirements compared to Phase One (Generation Phase)
  • Phase Two will take place gradually in waves, with ZATCA informing taxpayers at least six months before Integration Date
  • Phase Two is part of economic development and digital transformation in the Kingdom
  • Phase One (Generation Phase) of E-invoicing began on December 4, 2021, with positive results in consumer protection
  • Taxpayers responded rapidly to Phase One implementation and showed great awareness of the project’s requirements.

Source: zatca.gov.sa

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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