Fifth Wave of the E-invoicing Implementation in the KSA
The Saudi Arabia Tax and Customs Authority, ZATCA, has announced the start of the fifth wave of the e-Invoicing Integration Phase. The criteria for taxpayers who must meet the requirements of the Integration Phase from 1 December 2023 refer to companies that have achieved at least SAR 100 million (app. USD 25 million) revenues subject to VAT for 2021 or 2022.
Taxpayers meeting the criteria set out for the 5th wave will have until March 31, 2024, to adapt to the new regulation.
There’s more you should know about e-invoicing in the Kingdom of Saudi Arabia – learn more about the new and upcoming regulations.
