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

The Saudi General Authority of Zakat and Tax June 27 announced the selection criteria for the twenty-third wave of linking and integrating taxpayer VAT e-invoicing systems into its Fatoora system. The announcement explains that: 1) the twenty-third wave will begin no later than March 31, 2026, for taxpayers with VAT-taxable revenue exceeding 750,000 Saudi riyals (US$199,985) in 2022, 2023, or 2024; 2) the Tax Agency will notify taxpayers in the 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 ...