zatca e-invoicing
What is e-invoicing?
What is e-invoicing?
zatca e-invoicing is a procedure that aims to convert the issuing of paper invoices and notes into an electronic process that allows the exchange and
processing of invoices, credit notes & debit notes in a structure electronic format between buyer and seller through an integrated electronic solution.
What is e-invoicing?
A tax invoice that is generated in a structured electronic format through electronic means. A paper invoice that converted into an electronic format through coping, scanning, or any other method is not considered an electronic invoice.
How does zatca e-invoicing work?
E-Invoicing will be rolled-out in two phases in KSA
For the first phase, enforced as of December 4th, 2021, electronic invoice issuance will be very similar to invoices generated prior to 4 Dec 2021.
with invoices issued through a compliant electronic solution and including additional fields depending on the type of the transaction.
For the second phase, enforceable starting January 1st, 2023 in waves, the electronic solution must be integrated with ZATCA’s systems and e-invoices should be generated in the required format.
Our ZATCA qualified e-invoicing solution maintains compliance with regulatory requirements in Saudi Arabia for format, content, e-signature, reporting or clearance.
This includes QR code, UUID, hash chain and Legal Archiving in Saudi premises, alongside value-added services to achieve maximum efficiency.
All e-documents and e-invoices are exchanged in a secure and trusted environment, compliant with the Kingdom’s data and cloud computing regulations.
An electronic invoice or “e-invoice” is issued, transmitted, received and processed and archived electronically. But not all digital invoices are e-invoices. Find out why and more benefits of e-invoicing in our blog.
The ultimate goal of this move is to integrate your business data with the ZATCA system to make trade more seamless and transparent.
The government can standardize the way invoices are reported to the system, with a common, machine-readable format, while also staying updated on the transactions that get pushed to their portal.
Contact us to learn how to get started with compliant e-invoicing.
