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…
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…
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…