The Zakat, Tax and Customs Authority (ZATCA) has announced the criteria for the Twenty-Fourth Group of the electronic invoicing integration phase (Phase 2), targeting establishments with VAT revenues exceeding SAR 375,000 between 2022 and 2024. Selected businesses will receive notifications and must integrate their systems with the Fatura platform by June 30, 2026. Phase 2 is a significant step beyond the initial requirements of Phase 1 (which began in December 2021 by banning handwritten invoices), introducing additional features like system linking, specific invoice formats, and extra data elements. ZATCA highlighted that this phase builds on the successes of Phase 1, supporting the Kingdom’s economic renaissance and digital transformation. The overall e-invoicing rollout aims to enhance consumer protection and modernize tax compliance.
Source: fiscal-requirements.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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