Wave 8 is for companies registered under VAT whose revenue was above 40 million Saudi Arabian Riyals in the financial year 2021-2022. Wave 8 Deadline: All eligible businesses will have to integrate their electronic invoice systems into Fatoora by 1st…
The Zakat, Tax and Customs Authority announces wave 7 of electronic invoicing for VAT registered businesses with a turnover of SAR 50 million in 2021or 2022. Wave 7 Integration Deadline Wave 7 tax payers must integrate their electronic invoice solutions…
Wave 6 was announced by the Zakat, Tax, and Customs Authority for businesses having a turnover of 70 million SAR or more in 2021 and 2022. Wave 6 integration deadline Wave 6 taxpayers must integrate their electronic invoicing solutions into…
Saudi Arabia’s Zakat, Tax, and Customs Authority provides Saudi tax numbers to businesses in Saudi Arabia. This number is vital for ensuring compliance with the Saudi Arabian tax laws. Businesses in Saudi Arabia must comply with these requirements and learn…
Healthcare operations are one of the most dynamic and complex enterprises in the whole world. Every day healthcare facilities experience numerous difficulties when it comes to organization and administration, patient records, staff assignment, and financial operations. Saudi Arabia’s Ministry of…
ZATCA has developed the Wave 5 under phase 2 for the Kingdom of Saudi Arabia. This strategic phase is intended to improve compliance and to meet the Kingdom’s other aims of increasing economic transparency and digital innovations. Wave 5: Targeted…
Wave 4 of the Zakat, Tax, and Customs Authority electronic invoicing implementation started on Oct 1, 2023. It expanded the compliance framework for businesses with revenues over SAR 150,000,000. Wave 4 o phase 2 is for VAT-registered Saudi Arabian taxpayers…
Wave 3 of the Zakat, Tax, and Customs Authority electronic-invoicing initiative began on July 1 2023, aimed at businesses with revenues that exceed SAR 250,000,000. This phase was a crucial step on Saudi Arabia’s path to a transparent and fully…
On January 1, 2023, Wave 2 of the Zakat, Tax, and Customs Authority e-invoicing was launched. It targets businesses with revenues above SAR 500,000,000. The compliance requirements that were introduced in Wave 1 were extended to a larger segment of…
The first wave of ZATCA’s E-invoicing was launched on December 4th, 2021. This was an important step in Saudi Arabia’s journey to modernize their tax system. This wave was aimed at large companies with revenues above SAR 3 billion and…