Saudi Arabia’s Sixteenth Wave of E-Invoicing Taxpayers Announced
On September 27, 2024, the Zakat Tax and Customs Authority (ZATCA) in Saudi Arabia announced the requirements for the sixteenth wave of taxpayers affected by the e-invoicing mandate. Taxpayers falling within this scope must comply with the Saudi Integration Phase of the e-invoicing obligation by June 30, 2025.
This latest group includes businesses that reported revenue subject to VAT exceeding SAR 3 million (approximately EUR 730,000) in either 2022 or 2023. These taxpayers are required to integrate with the FATOORA platform during the period from April 1, 2025, to June 30, 2025.
ZATCA will notify the affected taxpayers to ensure they are informed about their obligations under the new e-invoicing framework.
There’s more you should know about e-invoicing in the Kingdom of Saudi Arabia – learn more about the new and upcoming regulations.