- Integration Announcement: The Saudi General Authority of Zakat and Tax (GAZT) has announced the commencement of the twentieth phase of VAT e-invoicing integration with the Fatoora platform, starting on October 31.
- Eligibility Criteria: This phase targets taxpayers with VAT-taxable revenues exceeding 1.5 million Saudi riyals (approximately USD 399,930) in 2022 or 2023, and they will be notified at least six months prior to their linkage date.
- Compliance Requirements: The integration will introduce new compliance mandates, such as issuing e-invoices in a specified format and including mandatory fields, prompting eligible taxpayers to prepare accordingly for the transition.
Source: GVC
Click on the logo to visit the website
Latest Posts in "Saudi Arabia"
- Excise Tax Returns in KSA: Key Reporting Requirements and Deadlines for Compliance
- Saudi Arabia VAT Guide for Cross-Border Sellers
- Saudi Arabia ZATCA Announces 24th Group E-Invoicing Integration Rules by 2026
- Saudi Arabia to Launch E-Invoicing Wave 24 by June 30, 2026
- Saudi Arabia Announces Criteria for 24th Wave of VAT E-Invoicing System Integration
