ZATCA further extends the scope of taxpayers for the fourth wave of Phase 2

The Kingdom of Saudi Arabia is further extending 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 fouth wave of Phase 2 (Integration Phase) are taxpayers with revenues subject to VAT surpassing SAR 0,15 billion (ca. EUR 37 million).

This next wave is scheduled to commence as of 1 November 2023, and taxpayers will have until 29 February 2024. Businesses fitting …