e-Invoicing is the process of creating digital invoices in accordance with ZATCA regulations in the Kingdom of Saudi Arabia (KSA). Through this procedure, you can electronically validate B2B, B2G, and B2C invoices and utilize them wherever necessary over the common ZATCA portal.
There are two stages to the e-invoicing process. Instead of physical invoices, credit cards, and debit notes in the first phase, taxpayers must issue and keep e-invoices. In order to share these invoices with the buyers in the second phase, they must be uploaded to ZATCA’s portal and authenticated.
All taxable products and services subject to VAT are required to use e-invoicing in the Kingdom of Saudi Arabia (both standard and zero rates). Therefore, it comes as a standard for all VAT-registered enterprises to produce e-invoices and adhere to ZATCA rules. Additionally, organizations that are required to register but have not done so yet must follow the e-invoicing rules as well.
The e-invoicing regulation applies to the following people in addition to businesses:
For the following reasons, using e-invoices might be beneficial for your company: