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

The Saudi General Authority of Zakat and Tax June 28 announced the selection criteria for the thirteenth wave of linking and integrating taxpayer VAT e-invoicing systems into its Fatoora system. The announcement explains that: 1) the thirteenth wave begins Jan. 1, 2025, for taxpayers with VAT-taxable revenue exceeding 7 million Saudi riyals (US$1.8 million) in 2022 or 2023; 2) the Tax Agency will notify taxpayers in the thirteenth wave at least six months before the required linkage date; and 3) the linking and integration phase involves additional requirements, including the issuance of e-invoices based on a specific format and inclusion ...