![]() ![]() Having a title for the invoice is a must, and mandatory for B2B simplified tax invoices.For the simplified tax invoices for B2C, generating the ZATCA e-invoicing QR code is absolutely compulsory.The subjective people should always archive their e-invoices.The subjective taxpayers must create and store the tax invoices using the complaint tax system.Not only the invoices but also anything related to the invoices like credit notes or notes should come out as its electric form by the ZATCA e-invoicing plugin.The invoice must be generated as a compliant electric solution or ZATCA e-invoicing solution provider.This phase will take place from the 4 th of December, 2021.All the taxpayers who are eligible for VAT or VAT registered have their invoices generated in E-Invoices.Let’s take a look at how the ZATCA defines them. However, the first phase is slightly milder in terms of the strictness of the law, whereas the second one expects all the taxpayers to follow the hard and fast regulations. Some are mandatory in the first stage, whereas some are compulsory in the second stage.Īgain, some requirements are in common between the two stages. The two phases differ from each other and have their own unique requirements. E-Invoicing Requirements of ZATCAĪs stated earlier, ZATCA has two phases, which have their own separate dates to take effect. ![]() NB: The non-residents are exempted from this upcoming ZATCA E-Invoicing rule meaning that they will no longer be subjective to generate or store the invoice in the electric form. The emergence of these new electric invoices will lead to the extinction of the previously used obsolete form of handwritten invoices and exclusion of other forms of paper-based invoices or invoices that are converted forcefully into the electric form using various editing or conversion tools. The second one will be effective from the 1 st January 2023.The first stage is getting effective as of the 4 th of December and.The invoices falling under the criteria of ZATCA are the tax invoices (for B2B), simplified tax invoices (for B2C), and credit/debit notes. Besides, the invoice must be generated by the properly compliant electric system or solutions as per the e-invoicing requirements by ZATCA. It means any sellers or suppliers or the part of the supplying process will be involved in generating the electronic invoice in Saudi Arabia as long as they are subjective to VAT. All the taxpayers refer to those who are the residents of the Kingdom of Saudi Arabia and VAT registered, as well as those who will represent on behalf of the suppliers. Saudi Arabia’s law on the invoice is changing from the 4 th of December, 2021 – meaning the country has recently announced a new motion stating that it will impose a properly structured invoice format in its electric form on all the taxpayers. We will discuss it as we go along the line by line. We will take extensively about one of our best and ZATKA compatible plugins called Challan a bit later. It will also bring all the taxpayers or taxpaying companies under one canopy in the later stage.įor that, the Saudis need to have the perfect e-invoicing implementation system, such as the ZATCA e-invoicing plugin. This new resolution will cause the permanent banning of paper-based or handwritten invoices and bring the e-invoices into the limelight for the perfect implementation. For that, you need a ZATCA e-invoicing QR code, which requires a sophisticated plugin to get generated. That’s why some of the information regarding tax submission is important. This new law will become a milestone for the businesses in Saudi in terms of dealing with tax avoidance, money laundering, unauthorized businesses stepping into the industry, and many more. ZATCA, also known as the Zakat, Tax and Customs Authority, has imposed a new invoicing resolution on the Saudi taxpayers – effective as of 4 th December 2021. ZATCA E-Invoicing Plugin is the only way to get your invoice digitalized into its e-invoicing format.
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