Saudi Arabia Tax Agency Announces Determination Criteria for Fifth Wave Integration of E-Invoicing Requirements

The Saudi General Authority of Zakat and Tax May 26 announced the determination criteria for the fifth wave of the integration phase for the new e-invoicing requirements. The announcement explains that: 1) the fifth wave begins Dec. 1 for taxpayers with VAT taxable revenue exceeding 100 million Saudi riyals (US$26 million) in 2021 or 2022; and 2) the fifth wave requires taxpayers to comply with all e-invoicing requirements, and to integrate and connect their e-invoice solutions and devices with the tax authority’s FATOORA platform. [Saudi Arabia, General Authority of Zakat and Tax, 05/26/23]

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