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We are ready for the second phase of electronic invoicing!
What is an E-Invoicing Program?
An e-invoicing program is an electronic system approved by the Zakat and Income Authority that regulates the process of issuing and receiving invoices electronically. This involves issuing invoices that include Value Added Tax (VAT).
What are the types of E-invoices?
1- Sales Invoice: Used to document the sale of products or services.
2- Purchase Invoice: Used to document the purchase of products or services.
3- Export Invoice: Used to document the export of products or services.
4- Import Invoice: Used to document the import of products or services.
5- Tax Invoice: Used to document the payment of taxes.
first phase
Generation phase
December 1, 2021
1- Ensure all invoice elements are present
2- Utilize a compliant electronic invoicing system
3- Eliminate handwritten invoices
second phase
Integration phase
January 1, 2023
1- Incorporate additional invoice elements
2- Establish technical solution integration
3- Issue and save invoices in the approved format
Steps for issuing an electronic invoice according to the first phase?
1. The seller is responsible for storing electronic invoices electronically
2. All invoices must be issued electronically according to the requirements of the General Authority of Zakat and Tax .
3. Finally, The seller must provide the buyer with copies of the electronic invoices
Steps for issuing an electronic invoice according to the second phase?
1. The invoice must contain all the elements of the tax invoice
2. The seller shares the invoice with the Zakat, Tax, and Customs Authority (ZATCA) for approval
3. ZATCA approves the invoice and sends it back to the seller
4. The seller electronically saves the invoice for record-keeping purposes
Is there a QR code compatible with e-invoice requirements ?
Certainly, a QR code can be compatible with e-invoice requirements. as saif allows you to configure your invoices according to the controls specified by the Zakat, Tax and Customs Authority, where it allows you to include a unique serial number, along with the name of the establishment with the establishment is tax number and the date and time of the invoice, in addition to placing the applicable taxes and calculating them automatically within the invoice with clarification of the total invoice before and after calculating the tax