The Zakat, Tax and Customs Authority (ZATCA) has identified the criteria for selecting the establishments targeted in the seventh group of the “connectivity and integration” phase of e-invoicing. The Authority said that the seventh group includes all establishments that generated SR 50 million in revenues subject to the value-added tax in 2021 or 2022, adding that it will notify the targeted establishments in preparation for connecting them to the e-invoicing system on the Fatura platform starting from 1st February, 2024.
ZATCA added that the second phase (connectivity and integration) phase entails additional requirements than the first phase (issuance and preservation) phase, foremost among which are connecting taxpayers’ e-invoices with the Fatura platform, issuing e-invoices with specific wording and adding a host of other items on the bill. The Authority said that enrolling establishments in the second phase will be implemented gradually in groups, adding that it would inform the selected establishments at least six months before the enrollment date.
