?? ZATCA Announcement ????

??? Twelfth Group to Implement Phase Integration of eInvoicing ??

The Zakat, Tax, and Customs Authority (ZATCA) has announced the criteria for selecting establishments in the twelfth group to implement the “linking and integration” phase of electronic invoicing.

?? This group includes establishments with revenues subject to value-added tax exceeding 10 million Riyals in 2022 or 2023.

?? Notifications:

• Establishments will be notified to prepare for integration with the FATORA system starting December 1, 2024.

?? New Requirements:

• This phase includes additional requirements such as linking taxpayers’ invoicing systems with FATORA, issuing invoices in a specific format, and incorporating extra elements.

?? Gradual Transition:

• The transition will occur gradually, with each group being informed at least six months in advance.

?? Economic and Digital Transformation:

• This phase is part of the Kingdom’s broader economic and digital transformation efforts, building on the successful first phase that began on December 4, 2021, which mandated the use of compliant electronic invoicing systems and improved consumer protection.

Stay tuned for more updates! ??

For deeper insights and support in navigating the Global eInvoicing?universe , our expert team stands ready to assist, guiding each step with strategic, data-driven counsel.

Stay compliant and informed! ??

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