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

The Saudi General Authority of Zakat and Tax April 28 announced the determination criteria for the fourth wave of the integration phase for e-invoicing requirements. The announcement explains that: 1) the fourth wave begins on Nov. 1 for taxpayers with revenue subject to VAT exceeding exceeding 150 million Saudi riyals (US$40 million) in 2021 or 2022; and 2) the fourth 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, 04/28/23]

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