A recent announcement has been released by the Saudi Official Gazette (uqn.gov.sa) last July 28th, regarding the next group/wave of companies mandated to implement ZATCA e-Invoicing Integration Phase 2.
As previously stated, eligible companies are informed at least six months prior integration date; and in the online publication, wave/group 7 taxpayers have been identified as persons or entities whose annual revenues are subject to value-added tax that go beyond (50,000,000) fifty million Saudi Riyals for the year 2021 or 2022. The said group are mandated to connect their respective electronic invoicing systems or solutions, send simplified and tax invoices (including notifications) electronically, and share their data with the Zakat, Tax and Customs Authority for clearance and reporting within three months starting February 1, 2024, until May 31, 2024.
Aside from public announcements, qualified companies are also sent an official email by zatca.gov/Fatoora for confirmation and are assigned respective ZATCA advisors or relationship managers to be better guided in the implementation process.
