Wave 16 Requirements of The Integration Phase
ZATCA announces wave 16 of Phase Two also known as The Integration Phase to determine organizations included in this wave. The decision included taxpayers with annual taxable revenue that exceeds 3M SR during the year 2022 or 2023.
ZATCA has also clarified that organizations included in wave 16 are going to be notified 6 months prior to their compliance date, which is 1 April 2025, to avoid penalties and settle their financial obligations.
Why Does Phase 2 of E-invoicing Compliance Matter?
E-invoicing was implemented in Saudi Arabia in two phases. Phase One, known as “The Generation Phase” and Phase Two known, as “The Integration Phase”. Phase Two obliged taxpayers to integrate with the FATOORAH platform, this included all waves that have been shared till this moment. It’s worth mentioning that this comes as part of ZATCA’s decision to categorize Phase Two into various waves; each according to their annual taxable revenue.
In addition to wave 16, previously announced waves include:
In addition to wave 16, previously announced waves 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
Wave 15:
1/3/2025
Wave 16:
1\4\2025
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Getting ready for ZATCA Phase Two with InvoiceQ’s integration solutions is no longer a tough game, do you know why? Simply, because we study our clients’ individual needs to know able to what their system’s technical requirements are. This includes accounting systems and ERP systems. This is what drives us to provide versatile integration solutions powered by the InvoiceQ system.
Still looking for your trusted Phase Two E-invoicing solution provider? Contact us and let InvoiceQ handle the process for you!
