The Zakat, Tax, and Customs Authority (ZATCA) has established the criteria for selecting targeted establishments in the 16th group to implement the “linking and integration” phase of electronic invoicing (e-invoicing).
The ZATCA said that the 16th group includes all establishments whose revenues subject to value-added tax exceeded SAR3 million during 2022 or 2023. The authority will notify all targeted establishments in the 16th group in preparation for linking and integrating their e-invoicing systems with the “Fatura” system starting from April 1, 2025.
ZATCA stressed that the second phase — linking and integration — will be implemented gradually and in groups, with additional requirements compared to the first phase of issuance and preservation. These requirements include linking taxpayers’ electronic billing systems with e-invoicing, issuing electronic invoices based on a specific formula, and including several additional elements in the invoice. The authority will notify subsequent groups directly a
t least six months before the specified date for linking.
The authority also acknowledged the success of the second phase of electronic billing, which was part of the Kingdom’s economic renaissance and digital transformation.
The success story, which began with the first phase of implementing electronic billing, achieved many positive results, the most prominent of which was raising consumer protection throughout the Kingdom. The authority praised the great awareness it saw from taxpayers and their rapid response in implementing the project’s first phase.
Source: Saudi Press Agency