Search
Close this search box.
Search
Close this search box.

KSA’s second e-Invoice phase is coming!

In KSA, the second phase of electronic invoicing which is also known as the ‘’Integration Phase ‘’, will come into effect from January 2023.  Integration Phase will include the introduction of new technical and business requirements for electronic invoices, and the integration of these requirements with ZATCA’s systems. The format in which electronic invoices must be generated will be either in XML format or as a PDF/A-3 invoice file with embedded XML. The generated invoices will be transmitted to the ZATCA’s platform and will be provided with a cryptographic stamp and a hash value as a Universally Unique Identifier (UUID). While QR code was optional on B2B invoices in the Generation Phase, it will become mandatory from Phase 2 to add QR code to e-Invoices. Electronic invoices must be stored offline and locally. Since the Implementation Phase will be rolled out in waves, taxpayers who are under the obligation of compliance will be notified 6 months in advance by ZATCA to complete the technical requirements. All taxable persons who are subject to VAT and third parties issuing tax invoices on behalf of the taxpayers will be under the scope of the regulations.

sni_admin

Your Global Tax Technology Partner
We offer SAP and Peppol certified solutions (SAF-T, Invoice Reporting, VAT Reporting and e-Invoicing) to more than 500 clients – thereof 70% multinational. Together with our >100 employees, operating across multiple locations in Europe, we aim to be a single partner globally for our clients.
About Us
Subscribe
Play Video
Watch to learn more about SNI Solutions
Categories
Categories
Thank you for visiting our blog!
If you would like to speak to a salesperson, please call +90 212 909 1664 or email contact@snitechnology.net to receive a call back.