ZATCA Announces Wave 14 of The Second Phase (Integration Phase)
Authored By: Dana Asnan
What is Wave 14 of The Second Phase?
ZATCA has organized the E-invoicing process in Saudi Arabia to be implemented in two phases known as Phase One “The Generation Phase” and Phase Two known as “The Integration Phase”. Phase Two has been categorized into multiple waves to ease the process of compliance with ZATCA for all organizations and businesses.?
That said, Phase Two so far includes fourteen waves until the moment with ZATCA’s recent announcement of wave 14. According to ZATCA, wave 14 includes organizations with annual taxable revenue above 5 million SR for 2022 or 2023.?
What Does Wave 14 Compliance with Phase Two Mean?
The recent announcement of wave 14 of The Integration Phase means the mandatory compliance of any organization that meets wave 14 announced requirements by 1 Feb 2025, as ZATCA notifies organizations 6 months prior to the mandated date to comply. The goal of this notice period is to help organizations comply easily with tax legislation and issue E-invoice that abide by the FATOORA platform.?
How Many Waves Are Included Till The Moment?
Besides wave 14 that ZATCA has just announced, previous waves so far include:
Wave 1:
1/1/2023 To 30/6/2023
Wave 2:
1/7/2023 To 31/12/2023
Wave 3:
1/10/2023 To 31/1/2024
Wave 4:
1/11/2023 To 29/2/2024
Wave 5:
1/12/2023 To 31/3/2024
Wave 6:
1/1/2023 To 30/4/2024
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Wave 7:
1/2/2024 To 31/5/2024
Wave 8:
1/3/2024 To 30/6/2024
Wave 9:
1/6/2024 To 30/9/2024
Wave 10:
1/10/2024 To 31/12/2024
Wave 11:
1/11/2024 To 31/1/2025
Wave 12:?
1/12/2024 To 28/2/2025
Wave 13:
1/1/2025 To 31/3/2025
Wave 14:
1/2/2025?
Why Comply With ZATCA?
ZATCA has made it official that E-invoicing is mandatory in Saudi Arabia. This means all organizations following tax regulations are obliged to comply with ZATCA to avoid fines and penalties associated with non-compliance. Furthermore, using an E-invoicing system like the one we offer at InvoiceQ helps organizations get additional benefits that entail better financial management, easy follow-up of invoices, preventing tax violations, and detecting them faster.?
Enjoy ZATCA-Compliant E-invoicing Solutions
InvoiceQ is a trusted E-invoicing solutions provider qualified by ZATCA in Saudi Arabia. Our versatile bundle of solutions includes our E-invoicing system and our integration solutions for international systems. In turn, this means our clients get to be privileged with multiple options that enable them to utilize our system modules or keep their current systems and go with the integration option instead in order to be compliant with the FATOORA platform.??
Want to know more about integration with ZATCA? Contact our support now and get the professional help you need or enjoy a free system demo!