- E-invoicing requirement in Saudi Arabia extended to 13th group of taxpayers from January 2025
- Taxpayers with VAT-liable revenues exceeding SAR 7 million in 2022 or 2023 included in the 13th group
- Second phase of e-invoicing system implementation involves integrating with the FATOORA Platform
- Mandate for the 13th group starts on January 1, 2025
- Specific format and extra fields required for e-invoices in this phase
- ZATCA to provide six-month notice before compliance date
- Additional requirements for storing e-invoices, including QR code
- Taxpayers urged to prepare for e-invoicing implementation and seek guidance if needed
- Non-compliance may result in penalties
Source: kpmg.com
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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