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Saudi Arabia Regulatory Updates May 2024

Hatice Ozcan

May 24, 2024

ZATCA Announces Wave 12 E-Invoicing Integration Criteria for Taxpayers

 

The Saudi Arabian Zakat, Tax and Customs Authority (ZATCA) has announced the twelfth wave of Phase 2 of e-invoicing for taxpayers with significant revenue, requiring integration by December 1, 2024.

 

Details:

Taxpayer Group: Taxpayers with at least SAR 10 million in revenue subject to VAT for 2022 or 2023.

Integration Deadline: December 1, 2024.

Phase 2 Requirements: Additional requirements for e-invoices and integration with ZATCA’s FATOORA platform.

Notice Period: ZATCA provides a minimum six-month notice before enforcement dates.

More Information: For detailed information, visit ZATCA's website.

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