Saudi Arabia Tax Agency Announces Criteria for Ninth Wave Integration of E-Invoicing

The Saudi General Authority of Zakat and Tax Nov. 17 announced the selection criteria for the ninth wave of linking and integrating taxpayer VAT e-invoicing systems into its Fatoora system. The announcement explains that: 1) the ninth wave begins June 1, 2024, for taxpayers with VAT-taxable revenue exceeding 30 million Saudi riyals (US$8.0 million) in 2021 or 2022; 2) the Tax Agency will notify taxpayers in the ninth wave at least six months before the required linkage date; 3) the linking and integration phase involves additional requirements, including the issuance of e-invoices based on a specific format and inclusion of ...