With e-Invoicing becoming a mandatory requirement for taxpayers in Saudi Arabia, it has revolutionized the way businesses operate. Recognizing the significance of this transformation, ADBWorld proudly presents the ZATCA e-Invoicing Academy, designed to empower businesses with the necessary knowledge and skills to achieve 100% compliance with Fatoora rules and regulations.
The Academy serves as a comprehensive resource hub exclusively available to registered companies and its members who are seeking proficiency in implementing this government initiative.
Members have access to a wide range of educational materials to suit different interests, including free guidebooks, workshops, insightful webinars, case studies, and comprehensive reports, all focused on KSA e-Invoicing and its various aspects. The platform also offers an extensive knowledge base filled with valuable resources that keep businesses updated on the latest e-Invoicing trends and best practices.
As a ZATCA certified e-Invoicing solutions provider, ADBWorld carries the weight of credibility and trust. They firmly believe that knowledge is the key to success in navigating the e-Invoicing landscape. With the ZATCA e-Invoicing Academy, businesses can empower themselves with the necessary knowledge and innovation to thrive in the evolving financial landscape of Saudi Arabia.
Wave 7
The Saudi Official Gazette (https://uqn.gov.sa) recently made an announcement on July 28th regarding the next wave of companies required to implement ZATCA e-Invoicing Integration Phase 2.
As per the announcement, eligible companies are notified at least six months prior to their integration date. Wave 7 taxpayers are identified as individuals or entities whose annual revenues subject to value-added tax exceed fifty million Saudi Riyals for the years 2021 or 2022. These companies are now mandated to connect their electronic invoicing systems or solutions, electronically send simplified and tax invoices (including notifications), and share their data with the Zakat, Tax, and Customs Authority for clearance and reporting purposes.
In addition to public announcements, eligible companies receive an official email from zatca.gov/Fatoora for confirmation. They are also assigned ZATCA advisors or relationship managers who will provide guidance throughout the implementation process. This personalized support aims to assist companies in successfully complying with the ZATCA e-Invoicing requirements.
