Wave 15 of The Integration Phase: Who’s Included?
Wave 15 of E-invoicing Phase 2 has been announced by ZATCA in Saudi Arabia. According to the publication posted by ZATCA, wave 15 entails organizations whose annual taxable revenue is above 4M SR in 2022 or 2023. The compliance date for organizations included in wave 15 is set to 1/3/2025. The early announcement by ZATCA comes as a means to give organizations enough time to conveniently onboard in a 6-month notice period. The goal of this notice period is to enable organizations to integrate with the FATOORA platform.
Why Should Organizations of Wave 15 Comply Before Due Date?
E-invoicing in Saudi Arabia was divided into two Phases; Phase One which was known as “The Generation Phase” and Phase Two known as “The Integration Phase”. Phase Two is differentiated from Phase One for its requirements that mandated E-invoicing regulations as shared by ZATCA, along with enforcing penalties and fines for non-compliance unlike Phase One where no penalties had been placed.
Phase 2 mandated additional requirements such as connecting the organization’s E-invoicing system or internal system with the FATOORA platform, issuing invoices in a specific format through authorized service providers for ZATCA Phase 2, and additional invoice fields. Moreover, ZATCA has categorized this Phase into waves by which organizations are notified of their compliance date 6 months ahead of the official date.
Besides wave 15, previously announced waves are:
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
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