E-invoicing is the process of generating invoices in a digital format, so you can issue and store them electronically. The Zakat, Tax and Customs Authority (ZATCA) in the Kingdom of Saudi Arabia (KSA) has rolled out regulations mandating businesses to adopt an e-invoicing process in two phases, starting on December 4, 2021.
The main aim of this decision is to limit the shadow economy, to promote fair competition and consumer protection, and to combat trade and tax fraud.
The cryptographic stamp is applied by the Authority E-Invoicing Integration Portal for the standard e-invoices and is automatically generated by the solution in case of simplified e-invoices..
1)Automated data transfer to enReport-KSA-VAT
2)Automated Sales Ledger for input to ERP Systems
3)Custom Printable & E-Print Invoice
4)Generate
elnvoice-KSA XML or
Printable PDF/A3 with embedded XML, QR-Code and VAT Registration number
It is important to note that the e-invoicing regulations will attract all the provisions related to a tax invoice in the VAT legislation, and any non-compliance will result in penalties from GAZT.
1) Compliance
2) QR with cryptographic stamp
3) Internet connectivity
4) Reporting invoices
1) Connect to e-invoicing portal.
2) QR Code Generation.
1) Electronic invoice generation
2) Invoices with necessary fields
3) Generate UUID & hash invoices
4) Archive as per VAT regulations
5) Prohibited software functions
| Phase مرحلة |
Applicability القابلية للتطبيق |
Requirements المتطلبات |
Olivesoft's E-Invoice Solution حل الفاتورة الإلكترونية |
|---|---|---|---|
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Phase 2 (Integration & Clearance) التكامل والتخليص |
Jan 01, 2023 |
Seamless integration with ERP تكامل سلس مع تخطيط موارد المؤسسات Generation of hash انشاء تجزئة Generation of UUID انشاء يو يو آئي دي Upload of Invoices at ZATCA Portal تحميل الفواتير في بوابة زاتكا |
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