ZATCA Sets Criteria for Wave 12 Taxpayers in E-invoicing Integration Phase

KSA, 27 May, 2024 : The Zakat, Tax and Customs Authority (ZATCA) has announced the criteria for selecting taxpayers in the twelfth wave for implementing the "Integration Phase" of E-invoicing. This phase includes all taxpayers whose VAT revenues exceeded SAR 10 million during 2022 or 2023.

Targeted taxpayers in Wave 12 will be notified to integrate their E-invoicing solutions with the Fatoora Platform by December 1, 2024. Phase Two (Integration Phase) requires additional requirements compared to Phase One, such as integrating E-invoicing solutions with ZATCA's platform, issuing E-invoices in a specific format, and including additional fields in the invoice.

Phase Two of E-invoicing will occur gradually in waves, with ZATCA informing the following waves directly at least six months before their Integration Date. This initiative is part of the Kingdom's economic development and digital transformation efforts, building upon the success of Phase One in enhancing consumer protection and achieving positive results.

Phase One of E-invoicing, introduced on December 4, 2021, mandated taxpayers to cease generating handwritten or computer-generated invoices via text editing software. Instead, they were required to ensure compatibility with E-invoicing requirements, generate and store E-invoices with necessary fields, including QR codes, and adhere to other specifications.

Source : www.zatca.gov.sa