The Kingdom of Saudi Arabia has further extended requirements for taxpayers to adhere to the requirements for obligatory issuance of electronic invoices and integration to the FATOORA platform. The required participants for the sixth wave of Phase 2 (Integration Phase) are taxpayers with revenues subject to VAT greater than SAR 0,07 billion (ca. EUR 17 million).
This next wave is scheduled to commence as of 1 January 2024, and taxpayers will . Businesses fitting the given criteria should …