Zakat, Tax and Customs Authority (ZATCA) announced the criteria for the Electronic invoicing (E-invoicing) Integration phase Wave 7 participants. As per the announcement:-
- Resident taxpayers with taxable revenue exceeding SAR 50 million as reported in the VAT returns for the calendar years 2021 or 2022 are required to integrate their e-invoicing systems with ZATCA for clearance and/or reporting of e-invoices.
- Integration for the seventh wave of resident taxpayers is scheduled to go live on the ZATCA Fatoora Portal starting from 1 February 2024. This provides these taxpayers with at least six months to ensure compliance with the integration phase requirements.