Saudi Arabia announces ninth wave of Phase 2 e-invoicing implementation
On November 17, 2023, the Zakat, Tax and Customs Authority (ZATCA) announced the ninth wave of Phase 2 of mandatory e-invoicing implementation.
This wave includes all taxpayers whose revenues subject to VAT exceeded SAR 30 Million (~USD 8 Million) during 2021 or 2022. VAT-registered taxpayers meeting the criteria will be notified by the ZATCA to integrate their e-invoicing solutions with the FATOORA Platform starting June 1, 2024.
Companies must be ready to integrate their systems once the ninth wave becomes effective.