*See Tax Alert 2022-5611.
**See Tax Alert 2022-6263.
***See Tax Alert 2023-5357.
Resident businesses falling under the above waves have already been notified by the ZATCA to comply with Phase 2 of e-invoicing as per their applicable timelines.
Overview of the ZATCA announcement
Based on the latest announcements, the ZATCA will begin notifying taxpayers who fall within the fourth wave of Phase 2 e-invoicing integration, to go live within the period 1 November 2023 to 29 February 2024.
Implications
Resident businesses should comply with the obligations of Phase 2 e-invoicing integration based on the notification received from the ZATCA and undertake the relevant steps in making the required changes in their IT systems. Taxpayers should comply with the Phase 2 requirements in line with the e-invoicing regulation to preclude possible penalties.
Taxpayers that do not fall within the first four waves of Phase 2 e-invoicing integration should monitor future announcements by the ZATCA to learn when the integration timeline period applicable to them arises as part of subsequent waves.
For additional information with respect to this Alert, please contact the following:
EY Consulting LLC, Dubai
- Aamer Bhatti, MENA Indirect Tax Leader
Ernst & Young Professional Services (Professional LLC), Riyadh
- Mohammed Bilal Akram, Indirect Tax
- Peter Dylewski, Indirect Tax
- Ajay Garg, Indirect Tax
- Aliasgar Husaini, Indirect Tax
Ernst & Young Professional Services (Professional LLC), Jeddah
- Adrian Smith, Indirect Tax
- Mohsin Rehmani, Indirect Tax
Ernst & Young Professional Services (Professional LLC), Al Khobar
- Sanjeev Fernandez, Saudi Arabia Indirect Tax Leader
- Gavin Needham, Indirect Tax
Ernst & Young — Middle East, Bahrain
- Ali Almahroos, Indirect Tax
Ernst & Young LLP (United States), Middle East Tax Desk, New York
Published by NTD’s Tax Technical Knowledge Services group; Carolyn Wright, legal editor
For a full listing of contacts and email addresses, please click on the Tax News Update: Global Edition (GTNU) version of this Alert.