Saudi Arabia announces seventh wave of Phase 2 e-invoicing integration

31 July 2023|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation|Saudi Arabia

Saudi Arabia's Zakat, Tax and Customs Authority has announced the criteria for taxpayers to be included in the seventh wave of Phase 2 e-invoicing integration.
Taxpayers resident in Saudi Arabia, with a taxable turnover above SAR50m during the calendar year 2021 or 2022, should comply with the Phase 2 e-invoicing requirements that are effective from 1 February 2024.

Executive summary

On 28 July 2023, the Saudi Arabia Zakat, Tax and Customs Authority (ZATCA) announced on its website that taxpayers r…

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