On 26 May 2023, the Zakat, Tax and Customs Authority (ZATCA), announced the criteria for the Electronic invoicing (E-invoicing) integration phase Wave 5 participants.
- As per the announcement, VAT registered taxpayers with taxable revenue exceeding SAR 100 million during calendar year 2021 or 2022 will be required to integrate their E-invoicing generation solution with the FATOORA platform starting from 1 December 2023.
- It is expected that an official email will be sent by ZATCA to all taxpayers who have been selected as part of Wave 5 of the Integration phase of E-invoicing.