The Saudi General Authority of Zakat and Tax has unveiled the selection criteria for the fourteenth wave of its VAT e-invoicing system integration into the Fatoora platform. According to the announcement, this new wave will commence on February 1, 2025. It will target taxpayers whose VAT-taxable revenue exceeded 5 million Saudi riyals (approximately USD 1.3 million) in either 2022 or 2023. The Tax Authority has stated that affected taxpayers will receive notifications at least six months prior to the mandatory linkage date. This phase will introduce additional requirements, including the issuance of e-invoices in a specified format and the inclusion of new fields on these invoices.
Source: globalvatcompliance.com
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