Introduction
Taxpayers who are part of Wave 13 continue their efforts to ensure their readiness for Phase Two of The Integration Phase. This phase is deemed important in order to make sure that the required taxpayers comply with ZATCA regulations. As ZATCA has implemented an approach by which required taxpayers are divided into waves with a compliance due date to each.
Why Does This Matter for Taxpayers in Wave 13 of Phase Two?
The Integration Phase requires taxpayers to ensure that their internal and accounting systems are compatible and fully integrated with ZATCA’s FATOORA platform. Therefore, taxpayers within Wave 13; whose annual taxable revenues exceed 7 million SAR in 2022 or 2023 must implement the compatible integration solutions by March 31, 2025 to avoid penalties.
What Does Compliance with Phase Two, The Integration Phase Include?
Businesses included in Phase Two must adhere to the regulations, such as:
- Integration with the FATOORA platform.
- Inclusion of all additional fields in the basic invoice elements.
- Using the invoice formats as specified by ZATCA.
- Ensuring the system complies with the announced technical specifications.
- Adding a QR Code to electronic invoices.
- Defining the invoice type (Tax Invoice or Simplified Tax Invoice) accordingly.
How To Ensure Your Establishment is Ready for Compliance?
Assess your current system and ensure it aligns with ZATCA’s requirements by consulting with authorized E-invoicing solution providers for Phase Two integration. With InvoiceQ, you can ensure seamless compliance of your system with our E-invoicing and integration solutions, ensuring full compliance to ZATCA’s Phase Two requirements.
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Contact us today and let us handle the integration for you!
