Zakat, Tax and Customs Authority (ZATCA) announced the targeted taxpayers in the fourth wave to implement phase 2 Saudi Arabia e-invoicing. It clarified that the Value Added Tax (VAT) registered taxpayers whose turnover was more than SAR 150 million and less than SAR 250 million during 2021 or 2022 would fall under wave 4 of phase 2 (integration phase).
Hence, wave 4 applicable taxpayers should start integrating their e-invoicing solutions with the Fatoora portal from 1st November 2023.
ZATCA stated that phase 2 requires additional requirements such as:
ZATCA announced they would implement phase 2 of e-invoicing in waves by informing the applicable taxpayers minimum of six months before the integration date.
Accordingly, till now, ZATCA notified the below waves:
ZATCA stated that the integration phase of e-invoicing is an extension of the economic development and digital transformation taking place in Saudi. Also, ZATCA considers phase 2 as a continuation of the success story that began with the generation phase (phase 1) of e-invoicing.
ZATCA mentioned in the wave 4 announcement that phase 1 of Saudi e-invoicing achieved positive results. It raised the consumer protection level in the country, and the authority has also witnessed great awareness among taxpayers while implementing the generation phase.
ZATCA successfully implemented phase 1 of Saudi e-invoicing from 4th December 2021, which obliged all KSA VAT-registered taxpayers to: