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ZATCA announces new threshold for phase-2 e-Invoicing - Orchida Soft

Zakat, Tax, and Customs Authority (ZATCA) has defined the criteria for selecting the targeted establishments in the second group to implement the integration phase of e-Invoicing. The second group included all the establishments whose revenues are subject to value-added tax (VAT) and exceeded half a billion riyals in 2021. ZATCA will notify all the targeted establishments to prepare for linking and integration of the electronic billing systems with the (Fatoora) platform and the obligation for these establishments will start by July 2023. Besides, the second phase (integration phase) requires additional requirements from the first phase (Generation of Electronic Invoices phase), most notably the integration of the systems of e-Invoicing of taxpayers with the Fatoora platform, as well as issuing e-Invoices based on a specific format, and also to include additional fields in the invoice. As the obligation of the second phase will start gradually, ZATCA will notify the obligated parties at least six months before their integration date.

The implementation for the integration phase for the first group, on the other hand, will take place on January 1, 2023, for all establishments whose selection criteria were announced last June.

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