According to the announcement, ZATCA clarified that the seventh wave included all taxpayers whose revenues subject to value added tax (VAT) exceeded 50 million Saudi Riyals during 2021 or 2022. The integration phase of e-invoicing is also known as the “Phase 2” of compliance and consists of integrating the e-invoicing solutions of the taxpayers with the “FATOORA platform.” For the seventh wave, this mandate will start from 1 February 2024 until no later than 31 May 2024.
Source: KPMG
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