In KSA,The Zakat, Tax and Customs Authority announced the companies included in the scope of e-Invoice responsibility in phase 2, which is the e-Invoice integration phase.
These announced companies were determined according to their revenues subject to value added tax exceeds. Accordingly to this;
- 1st wave taxpayers with an annual turnover above SAR 3 billion are obliged from January 2023.
– - 2nd wave taxpayers businesses with a turnover above SAR 500 million will be obliged from July 2023.
– - 3rd wave taxpayers with an annual income above SAR 250 million will be obliged from October 2023.
- 4th wave taxpayers with an annual income between SAR 150 million and SAR 250 million will be obliged from November 2023.
Finally, The Zakat, Tax and Customs Authority announced the 5th Wave of the e-Invoicing responsibility on 26.05.2023.
Accordingly to this announcement;
5th wave taxpayers with an annual income between SAR 100 million and SAR 150 million will be obliged to issue e-invoices from December 2023.
