Skip to main content
Perspective:
Perspective
31 Aug 2023

ZATCA announces criteria for selecting taxpayers in the eighth wave of e-invoicing

On 18 August 2023, the Zakat, Tax and Customs Authority (ZATCA) announced the selection criteria for resident taxpayers participating in the eighth wave of the e-invoicing integration phase. 

Key considerations for taxpayers as per the announcement: 

  • Resident taxpayers with taxable revenue exceeding SAR 40 million in VAT returns for the calendar years 2021 or 2022 are required to integrate their e-invoicing systems with ZATCA for clearance or reporting of e-invoices.
  • Integration for the eighth wave of resident taxpayers is scheduled to go live on the ZATCA Fatoora Portal starting from 1 March 2024. This provides these taxpayers with at least six months to ensure compliance with the integration phase requirements.

Based on past experience, ZATCA will formally notify the selected taxpayers about the eighth wave timeline. Moreover, this announcement comes within a span of less than 30 days after the seventh wave, indicating that upcoming waves might be revealed soon.

Taxpayers who were not included in previous waves should plan ahead, as they may be considered for inclusion in upcoming ones. Timely integration with ZATCA requires substantial IT and human resources, making proactive preparation crucial for a smooth compliance process.

Did you find this useful?

Yes
No

Thanks for your feedback

Your feedback is important to us

To tell us what you think, please update your settings to accept analytics and performance cookies.

Need help updating cookies?

Our thinking

A Visit Visa can be renewed a week before its expiry

The Kingdom of Saudi Arabia’s General Directorate of Passports (Jawazat) has requested visit visa holders, staying in the Kingdom, to renew its validity, seven days prior to the expiry of the visa.
Perspective

Amendment to the Executive Regulations of Unified Tax Procedures Law

On 21 November 2023, the Egyptian Minister of Finance issued Decree No. 518 of 2023, amending the executive regulations of Unified Tax Procedures Law.
Perspective

An Accelerated Future For Tax Leaders | Phil Mills

COVID-19 forced many companies to unexpectedly make fundamental shifts to their business models over a very short time period. Each of their pivots—from a transition to online transactions to new supply chain models, fulfillment approaches, or finance arrangements—has downstream tax implications. This, in turn, increases the complexity and workload for tax departments.
Perspective
5 minute read

Changes to e-invoicing implementation | Deloitte Middle East | VAT alerts

The Zakat, Tax and Customs Authority (ZATCA) in the Kingdom of Saudi Arabia (KSA) has made amendments to the electronic invoicing (E-invoicing) Implementation Resolution, both in Arabic and English, on 19 May 2023.
Perspective
Explore our thinking