ZATCA announces criteria for selecting taxpayers in third wave of e-invoicing

On 24 March 2023, the Zakat, Tax and Customs Authority (ZATCA) announced the criteria for selecting resident taxpayers for the third wave of the e-invoicing integration phase.

Key considerations for taxpayers as per the announcement:  

• Resident taxpayers who reported taxable revenue of more than SAR 250 million in VAT returns filed for the calendar year 2021 or 2022 will be required to integrate their IT systems with ZATCA for clearance or reporting. 
• For the third wave of resident taxpayers, the integration will go live with the ZATCA Fatoora Portal on 1 October 2023, providing them with at least six months to comply with the integration phase requirements.

Additionally, we understand that selected taxpayers will be notified by ZATCA in due course and should comply with the integration phase requirements by 31 January 2024 as per Administrative Resolution No. 54252, dated 28/08/1444H.