Tuesday 17th January, 2022
In December Saudi Arabia's Tax and Customs Authority the Zakat announced further details on the implementation of the integration phase of Electronic Invoicing.
As per the announcement, the second group will include taxpayers who had taxable revenues exceeding SAR 500 million during the calendar year 2021.
ZATCA will notify the second group of the selected taxpayers in due course who will be required to implement the necessary specifications in order to integrate their billing system with that of ZATCA.
Taxpayers with taxable revenues of SAR 500 million and above for calendar year 2021 are required to implement prescribed changes in their systems in order to integrate the billing systems with ZATCA starting from 1 July 2023.
E-Invoicing has been rolled out in 2 phases by ZATCA in KSA:
• Generation phase - went live on 4 December 2021 for all taxpayers
• Integration phase - will be rolled out in waves:
- First wave go-live date from 1 January 2023
- Second wave has a go-live date of 1 July 2023