Respective announcements have been initiated by the Zakat Tax and Customs Authority (ZATCA) to inform and identify companies who are required to comply with the e-Invoicing integration phase 2 since March 24 this year for wave 3 to wave 6 roll-out.
The following criteria have been declared by ZATCA to guide taxpayers accordingly:
Wave 1:
- Taxpayers with annual taxable revenue above 3 Billion SAR in 2021
- Integration Phase: January 1 – June 30, 2023
Wave 2:
- Taxpayers with annual taxable revenue above 0.5 Billion SAR in 2021
- Integration Phase: July 1 – December 31, 2023
Wave 3:
- Taxpayers with annual taxable revenue above 250 Million SAR in 2021 or 2022
- Integration Phase: October 1 – January 31, 2024
Wave 4:
- Taxpayers with annual taxable revenue above 150 Million SAR in 2021 or 2022
- Integration Phase: November 1 – February 29, 2024
Wave 5:
- Taxpayers with annual taxable revenue above 100 Million SAR in 2021 or 2022
- Integration Phase: December 1 – March 31, 2024
Wave 6:
- Taxpayers with annual taxable revenue above 70 Million SAR in 2021 or 2022
- Integration Phase: January 1 – April 30, 2024
The remaining waves will be published accordingly based on ZATCA’s statement to announce and inform eligible companies at least six months prior their Integration Date.
To ensure smooth transition and implementation of e-Invoicing systems, taxpayers are highly encouraged to assess current invoicing setups and take necessary actions in advance to ensure ample time for deployment and complete compliance.
