Search
Close this search box.
Search
Close this search box.

ZATCA announces new threshold for phase-2 e-Invoicing

Zakat, Tax, and Customs Authority (ZATCA) has defined the criteria for selecting the targeted establishments in the second group to implement the integration phase of e-Invoicing. The second group included all the establishments whose revenues are subject to value-added tax (VAT) and exceeded half a billion riyals in 2021. ZATCA will notify all the targeted establishments to prepare for linking and integration of the electronic billing systems with the (Fatoora) platform and the obligation for these establishments will start by July 2023. Besides, the second phase (integration phase) requires additional requirements from the first phase (Generation of Electronic Invoices phase), most notably the integration of the systems of e-Invoicing of taxpayers with the Fatoora platform, as well as issuing e-Invoices based on a specific format, and also to include additional fields in the invoice. As the obligation of the second phase will start gradually, ZATCA will notify the obligated parties at least six months before their integration date. 

The implementation for the integration phase for the first group, on the other hand, will take place on January 1, 2023, for all establishments whose selection criteria were announced last June. 

sni_admin

Your Global Tax Technology Partner
We offer SAP and Peppol certified solutions (SAF-T, Invoice Reporting, VAT Reporting and e-Invoicing) to more than 500 clients – thereof 70% multinational. Together with our >100 employees, operating across multiple locations in Europe, we aim to be a single partner globally for our clients.
About Us
Subscribe
Play Video
Watch to learn more about SNI Solutions
Categories
Categories
Thank you for visiting our blog!
If you would like to speak to a salesperson, please call +90 212 909 1664 or email contact@snitechnology.net to receive a call back.