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

The Saudi General Authority of Zakat and Tax March 24 announced the determination criteria for the third wave of the integration phase for e-invoicing requirements. The announcement explains that: 1) the third wave begins on Oct. 1 for taxpayers with revenue subject to VAT exceeding 250 million Saudi riyals (US$67 million) in 2021 or 2022; and 2) the third 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, 03/24/23]

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