- ZATCA’s Wave 23 of Phase 2 e-invoicing requires VAT-registered businesses in Saudi Arabia with taxable turnover above SAR 750,000 in 2022, 2023, or 2024 to integrate with the Fatoora portal by 31 March 2026.
- Phase 2 requires real-time e-invoice integration, not just invoice generation and storage, using compliant XML/PDF formats, QR codes, cryptographic stamps, digital signatures, and secure archiving.
- Affected businesses span sectors like retail, wholesale, electronics, healthcare, manufacturing, and professional services; ZATCA will notify selected taxpayers directly.
- ERP/accounting systems can help automate compliance, including invoice generation, VAT validation, reporting, and archiving.
- Early preparation is recommended to reduce downtime, improve testing and training, and avoid penalties or disruptions.
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.
