In brief
On 26 April 2024, the Zakat, Tax and Customs Authority (ZATCA) announced the criteria for the Electronic invoicing (E-invoicing) Integration Phase Wave 11 participants. As per the announcement, VAT-registered taxpayers that have an annual taxable revenue (taxable supplies) exceeding SAR 15 Million during the calendar year 2022 or 2023 are required to integrate their E-invoicing solutions with the FATOORA platform starting from 1 November 2024.
The official announcement can be accessed through this link.
In detail
As a recap, E-invoicing in KSA was introduced earlier in two phases:
Generation;
Integration.
The Generation Phase already went live in December 2021, whereas the go-live date for the Integration Phase, as per the respective Wave announcement, is as follows:
Wave |
Taxpayers with taxable revenues threshold |
Effective date |
1 |
Exceeding SAR 3 billion during the calendar year 2021 |
1 January 2023 |
2 |
Exceeding SAR 500 million during the calendar year 2021 |
1 July 2023 |
3 |
Exceeding SAR 250 million during the calendar year 2021 or 2022 |
1 October 2023 |
4 |
Exceeding SAR 150 million during the calendar year 2021 or 2022 |
1 November 2023 |
5 |
Exceeding SAR 100 million during the calendar year 2021 or 2022 |
1 December 2023 |
6 |
Exceeding SAR 70 million during the calendar year 2021 or 2022 |
1 January 2024 |
7 |
Exceeding SAR 50 million during the calendar year 2021 or 2022 |
1 February 2024 |
8 |
Exceeding SAR 40 million during the calendar year 2021 or 2022 |
1 March 2024 |
9 |
Exceeding SAR 30 million during the calendar year 2021 or 2022 |
1 June 2024 |
10 |
Exceeding SAR 25 million during the calendar year 2022 or 2023 |
1 October 2024 |
*11 |
Exceeding SAR 15 million during the calendar year 2022 or 2023 |
1 November 2024 |
* It is expected that ZATCA will send an official email to all taxpayers who have been selected as part of Wave 11 of the Integration phase of E-invoicing.
The takeaway
Taxpayers are recommended to assess their revenues for calendar years 2022 and 2023 to ensure readiness for the Integration Phase of E-invoicing and to implement the required changes. The integration phase entails a comprehensive review of ERP systems to ensure smooth integration with the ZATCA system.
Taxpayers are recommended to conduct a gap analysis and take the required actions at the earliest.
Download full alert
Saudi Arabia: Eleventh wave in the Integration Phase of Electronic Invoicing
Contact us
Chadi Abou Chakra
Middle East Indirect Tax Network Leader, PwC Middle East
Tel: +966 11 211 0400 Ext: 1858
Guido Lubbers LLM MBA
ITX Partner | TLS Middle East Consumer Markets leader, PwC Middle East
Tel: +966 54 110 0432
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