In 2021, the Zakat, Tax and Customs Authority (ZATCA) introduced e-invoicing in the Kingdom of Saudi Arabia (KSA). Phase one (the generation phase) of the e-invoicing was mandated with effect from 4 December 2021 for resident taxpayers. However, Phase two (the integration phase) will go live on 1 January 2023 for the first wave of taxpayers having taxable revenue of more than SAR 3 billion reported in their 2021 VAT returns.
Recently, ZATCA has started contacting taxpayers to obtain their readiness details to prepare for the second wave of the e-invoicing integration phase. Hence, it has become critical for businesses to kick start the integration phase requirements to ensure timely compliance with the regulations.
In light of the above, our Tax experts held a 60-minute webinar on Wednesday, 14 December 2022 to support businesses in preparing for the integration phase by addressing the following topics:
- The current e-invoicing landscape in KSA;
- Lessons learnt from the generation phase, ZATCA’s pilot program, and integration phase for taxpayers in the first wave;
- Deloitte’s INTax Solution, its capabilities and demo; and
- How to effectively manage the integration phase requirements.
