07.03.23
Tax groups announced for new waves of the e-invoicing implementation
In Saudi Arabia, the Integration Phase of the e-invoicing mandate is being implemented in waves starting from January 2023. Currently, taxpayers exceeding 0.5Bn Riyals (Wave 2) are required to integrate their systems with ZATCA’s platform to clear invoices.
A new timeline for the upcoming waves was announced by ZATCA as follows:
- Wave 3: 1st October 2023: taxpayers with annual revenue of 250M riyals should comply with the integration phase requirements.
- Wave 4: 1st November 2023: taxpayers with annual revenue of 150M riyals will join the integration phase.
- Wave 5: 1st December 2023, taxpayers with an annual revenue of 100M riyals will join the integration phase.
Kofax offers an e-invoice attachment service to deliver compliance e-invoicing in Saudi Arabia. With our e-invoicing platform, suppliers can attach their legal e-invoices, and we will send buyers an e-invoicing package that includes the legal e-invoice, Kofax’s PDF (non-tax invoice), and the buyer file for your invoice processing.
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Browse Kingdom of Saudi Arabia updates
Wave 7 of Phase 2 e-invoicing
- Mandate information
Wave 6 of Phase 2 e-invoicing has been announced
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Tax groups announced for new waves of the e-invoicing implementation
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ZATCA determines criteria for wave 4 participants in the Integration Phase
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Proposed amendments to the e-invoicing rules
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End of the initiative of cancelling fines
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Details on wave 3 taxpayers in scope of the e-invoicing mandate
- Mandate information
Voluntary participation in Integration Phase
- Mandate information
Go-live of Fatoora portal and end of E-invoice pilot testing phase
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A new version of Detailed Guidelines of E-invoicing
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ZATCA announces the second wave of taxpayers included in Phase 2
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ZATCA releases user manual for Fatoora portal user manual – Version 2
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New e-invoicing phase 2 requirements
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ZATCA to subsidize purchase of e-invoicing software
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Saudi Arabia launches tax amnesty schemes
- Country updates
Saudi Arabia will consider reducing VAT “ultimately”
- VAT/G(S)ST rate information