Introduction
As part of its efforts to enhance financial transparency and ensure tax compliance, ZATCA has announced the launch of wave 21 of Phase Two also known as The Integration Phase.
Who is Included in Wave 21?
Wave 21 includes taxpayers with revenues exceeding SAR 1.25 million in 2022 or 2023. These taxpayers must ensure their systems are ready for integration and compliance according to ZATCA’s regulations by November 30, 2025.
Key Requirements for Integration
To comply with the second phase of e-invoicing, businesses must adhere to several key requirements, including:
- Direct integration with ZATCA’s “FATOORA” platform.
- Issuing e-invoices in a format that meets the specified standards.
- Including mandatory fields such as the QR Code.
- Providing secure electronic storage solutions for invoices.
Notification Period
Taxpayers included in this wave will receive an official notification 6 months prior to ensure they have enough time to be fully ready by the specified date, while other taxpayers who are yet to be included will be notified later.
InvoiceQ’s Role
As a ZATCA Phase Two listed provider of E-invoicing services, InvoiceQ offers comprehensive solutions to help businesses comply with e-invoicing requirements. The system features include:
- Issuing e-invoices fully compliant with Phase 1 and Phase 2 regulations.
- Seamless integration with existing business systems without changing them.
- Ongoing technical support to ensure smooth and hassle-free integration.
InvoiceQ’s Success Stories
InvoiceQ has provided advanced solutions to major companies across various sectors in Saudi Arabia, including government, transportation, services, retail, and industry.
InvoiceQ’s Key Achievements in 2024:
- $6 billion: Annual value of issued invoices.
- 20 million: E-invoices issued annually.
- $10 million: Cost savings achieved for clients through its integrated solutions.
InvoiceQ’s Top Clients
InvoiceQ serves a diverse range of businesses, reflecting the reliability of its solutions in the Saudi market.
InvoiceQ System Features
- Full compliance with ZATCA requirements: Issuing, validating, and storing invoices according to e-invoicing standards.
- Customizable invoices: Ability to design invoices with company logos, payment details, and client information.
- Bulk invoice uploading with ease.
- Real-time payment tracking.
- Integration with payment gateways such as “SADAD” and “Telr.”
- Automated notifications for important updates.
- Detailed analytical reports to support better financial decision-making.
- Compatibility with various ERP systems, including Microsoft Dynamics, QuickBooks, Xero, JD Edwards, and more.
Why Choose InvoiceQ?
- A fully integrated and flexible e-invoicing system.
- Innovative solutions ensuring accuracy and transparency in invoice issuance.
- A specialized support team to help you achieve seamless compliance with ZATCA requirements.
