Almadina, 17 June 2023: The Zakat, Tax, and Customs Authority has outlined the criteria for selecting the businesses which will be included in the sixth category of the Linking and Integrating Stage of the electronic invoicing system.
The sixth category comprises establishments which have surpassed a revenue threshold of 70 million riyals subject to Value Added Tax (VAT) between the years 2021 and 2022.
The authority has stated it will inform all the designated establishments in advance, enabling them to integrate their electronic invoicing systems with the Fatora (Invoice) platform, beginning on 1 January 2024.
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