Intro
As part of Phase Two known as The Integration Phase, the due dates of waves included so far are approaching one after another. That said, taxpayers whose compliance date has already approached or the ones nearing the mandated compliance date are taking serious measures to comply with ZATCA in time.
In this regard, Wave 11 date to comply with the FATOORA platform is very close to happening as it’s on 1/11/2024 till 31/1/2025 leaving little time for companies to settle their financial matters. Wave 11 includes businesses whose annual taxable revenue exceeds 15M SAR during 2022 or 2023. This means that businesses meeting these requirements are obliged to comply with ZATCA fully according to the requirements announced before the final due date to avoid penalties of non-compliance.
What Does Phase Two ( Integration Phase ) Require?
This decision mandates taxpayers included in Wave 11 as part of Phase Two of E-invoicing in The Kingdom of Saudi Arabia to comply with ZATCA. Unlike Phase One known as The Generation Phase, Phase Two enforced mandatory compliance according to a set of requirements.
Key requirements included:
1. Integration with the FATOORA platform.
2. All additional fields should be included in the invoice main elements.
3. Follow the standard invoice format as shared by ZATCA.
4. Ensuring the business compliance with ZATCA’s technical specifications.
5. Adding the QR code to invoices.
6. Adding the invoice title according to its type (tax invoice or simplified tax invoice).
What Waves Does Phase Two Include?
Wave 1:
1/1/2023 To 30/6/2023
Wave 2:
1/7/2023 To 31/12/2023
Wave 3:
1/10/2023 To 31/1/2024
Wave 4:
1/11/2023 To 29/2/2024
Wave 5:
1/12/2023 To 31/3/2024
Wave 6:
1/1/2023 To 30/4/2024
Wave 7:
1/2/2024 To 31/5/2024
Wave 8:
1/3/2024 To 30/6/2024
Wave 9:
1/6/2024 To 30/9/2024
Wave 10:
1/10/2024 To 31/12/2024
Wave 11:
1/11/2024 To 31/1/2025
Wave 12:
1/12/2024 To 28/2/2025
Wave 13:
1/1/2025 To 31/3/2025
Wave 14:
1/2/2025 To 30\4\2025
Wave 15:
1/3/2025 To 31\5\2025
Wave 16:
1\4\2025 To 30\6\2025
Ensure Your Compliance for Phase Two of E-invoicing With InvoiceQ
InvoiceQ’s E-invoicing and integration solutions are capable of integrating your organization’s system regardless of its type with The FATOORA platform. Our integration solutions include various options developed by our experts to ensure their compliance with our clients’ needs in the most perfect way possible.
Still looking for a Phase Two E-invoicing provider? Contact us and let InvoiceQ handle the integration process for you!
