Kingdom of Saudi Arabia
Tax groups announced for new waves of the e-invoicing implementation
In Saudi Arabia, the Integration Phase of the e-invoicing mandate is being implemented in waves starting from January 2023. Currently, taxpayers exceeding 0.5Bn Riyals (Wave 2) are required to integrate their systems with ZATCA's platform to clear invoices.
A new timeline for the upcoming waves was announced by ZATCA as follows:
- Wave 3: 1st October 2023: taxpayers with annual revenue of 250M riyals should comply with the integration phase requirements.
- Wave 4: 1st November 2023: taxpayers with annual revenue of 150M riyals will join the integration phase.
- Wave 5: 1st December 2023, taxpayers with an annual revenue of 100M riyals will join the integration phase.