Saudi Arabia: Electronic Invoicing - Integration Phase - Sixth Group (Wave 6) Update

In brief

On 16 June 2023, the Zakat, Tax and Customs Authority (ZATCA), announced the criteria for the Electronic invoicing (E-invoicing) Integration phase Wave 6 participants. As per the announcement, VAT registered taxpayers that have an annual taxable revenue (taxable supplies) exceeding SAR 70 Million during the calendar year 2021 or 2022, are required to integrate their E-invoicing solutions with the FATOORA platform starting from 1 January 2024.

The official announcement can be accessed through this link.

In detail

E-invoicing in KSA was introduced earlier in two phases: Generation and Integration phase. The Generation phase already went live in December 2021 whereas ZATCA decided to roll out the Integration phase in waves as follows: 

• For taxpayers with taxable revenue exceeding SAR 3 billion, go live date was 1 January 2023 (Wave 1)

• Taxpayers with taxable revenue of more than SAR 500 million, go live date is 1 July 2023 (Wave 2)

• Taxpayers with taxable revenue exceeding SAR 250 million during calendar year 2021 or 2022, go live date will be 1 October 2023 (Wave 3)

• Taxpayers with taxable revenue exceeding SAR 150 million during calendar year 2021 or 2022, go live date will start from 1 November 2023 (Wave 4)

• Taxpayers with taxable revenue exceeding SAR 100 million during calendar year 2021 or 2022, go live date will start from 1 December 2023 (Wave 5)

Whereas for Wave 6 participants, as per the announcement made by ZATCA, taxpayers with taxable revenue exceeding SAR 70 million during calendar year 2021 or 2022 will be required to integrate their E-invoicing generation solution with the FATOORA platform starting from 1 January 2024. 

It is expected that an official email will be sent by ZATCA to all taxpayers who have been selected as part of Wave 6 of the Integration phase of E-invoicing.