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Blog entry by FintEdu Admin

ZATCA Sets Criteria for Wave 16 of E-Invoicing Integration Phase

KSA, 30 September, 2024 : The Zakat, Tax, and Customs Authority (ZATCA) has outlined the criteria for selecting taxpayers targeted in the Sixteenth Wave of the E-invoicing "Integration Phase." Taxpayers with VAT-subject revenues exceeding SAR 3 million in 2022 or 2023 will be included. 

These taxpayers will be notified to integrate their E-invoicing systems with the Fatoora platform starting from April 1, 2025. The Integration Phase, also known as Phase Two, includes additional requirements beyond those of Phase One (the Generation Phase), such as the integration of E-invoicing solutions with ZATCA’s platform, issuing invoices in a specific format, and adding new fields to the invoices.

ZATCA emphasized that the rollout of the Integration Phase will happen gradually, with taxpayers in subsequent waves being notified at least six months before their scheduled integration date. The initiative is part of the Kingdom’s digital transformation and economic development, following the success of Phase One, launched in December 2021, which saw taxpayers shift from manual invoicing methods to automated E-invoicing systems, improving consumer protection and compliance.

Source : www.zatca.gov.sa

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