On 1 November 2024, the Zakat, Tax and Customs Authority (ZATCA) released the criteria for the taxpayers included in the seventeenth wave of Phase 2 of Saudi Arabia's e-invoicing mandate.

This group includes businesses whose annual revenue is subject to VAT and exceeds SAR 2.5 million (approximately EUR 616 000) in 2022 or 2023. To comply with Phase 2 of the mandate, these taxpayers are req…