The Zakat, Tax, and Customs Authority (ZATCA) has released the wave 15 under phase 2 of Saudi Arabia’s e-invoicing program. Entities registered for VAT with an annual turnover that exceeds SAR 4 million in the year 2022 or 2023 must…
ZATCA has revealed the 14th wave of phase 2 of Saudi Arabia’s initiative to e-invoice. VAT registered businesses with an annual turnover of more than SAR 5 million by 2022 or 2023 fall under Wave 14. Businesses must incorporate their…
Zakat, Tax, and Customs Authority (ZATCA) announced the 13th Wave for companies moving towards electronic invoices. VAT-registered companies with a turnover of more than SAR 7 million between 2022 and 2023 need to connect their e-invoicing systems to the Fatoora…
Sowaan ERP Vs. Mawared ERP – Which ERP System is Right for Your Business? As businesses grow and expand they need to address the problem of efficiently running their operations. As the complexity rows, it’s vital to choose an effective…
Unlock Efficiency with a Full Circle ERP System In the current business environment efficiency is the most important factor to success. Companies are always striving to improve processes, maximize resources, and provide extraordinary outcomes. One of the most effective tools…
ZATCA announced Wave 12 under Phase to modernize and improve the country’s tax infrastructure. This wave expands the range of integration available to companies and highlights ZATCA’s dedication to the transformation of the economy through technological advances. This is a…
What is SowaanERP? SowaanERP is a modern ERP software that allows businesses to manage various aspects of business operations effectively. Originally created for Saudi Arabian businesses, SowaanERP serves to optimize the work process and maintain the appropriate tax regulation compliance,…
The 11th wave of phase 2 mandates VAT-registered companies with an annual revenue in excess of SAR 15 million from their fiscal years 2022 – 2023 to integrate their electronic invoicing systems with Fatoora by 1 November 2024. Key Requirements…
The Zakat, Tax, and Customs Authority (ZATCA) has released the tenth round of the Phase 2 Saudi Arabia’s e-invoicing program. VAT registered companies with a turnover of more than SAR 25 million by 2022 or 2023 are included in this…
Any business that has an annual revenue of more than SAR 30 million in the period between 2021-2022 falls under wave 9 of phase 2. The ZATCA obliges them to comply with wave 9 of phase 2 by integrating the…