ZATCA Approved E-Invoicing Fatoorah | SMIELS KSA
After recent unified Fatoorah initiative by ZATCA, SMIELS has become a popular choice for taxpayers of KSA.
After recent unified Fatoorah initiative by ZATCA, SMIELS has become a popular choice for taxpayers of KSA.
After recent unified Fatoorah initiative by ZATCA, SMIELS has become a popular choice for taxpayers of KSA. SMIELS has support for Fatoorah and QR code with Sales Invoice, Sales Estimate, Purchase Invoice, Purchase Order and Credit Notes. We have translated our entire application into Arabic language and providing special support for B2B companies and taxpayers of KSA. Let us see what is Fatoorah, why it matters and role of SMIELS in this digital transformation phase.
ZATCA is the General Authority of Zakat and Tax and the General Customs into one Authority under the name of "Zakat, Tax and Customs Authority" for Saudi Arabic KSA. The Authority provides high-quality services with highest level of taxpayers’ compliance. With continued efforts inthe right direction, KSA can become a global logistics hub and landmark fortrade.
Electronic invoices are not only digitally scanned invoices, but also which provide advance integrations and security features. SMIELS has support for ZATCA Fatoorah with Sales Invoice, Sales Estimate, Purchase Invoice, Purchase Order and Credit Notes.
Phase 1 - Generation Phase (4th December, 2021)
Taxpayers to generate and store tax invoices and noteselectronically. The Solution should be compliant with phase 1 requirements.Enforceable for all taxpayers (excluding non-resident taxpayers), and any otherparties issuing tax invoices on behalf of suppliers subject to VAT.
Phase 2 - Integration Phase (From 1st January2023)
This will be rolled out in waves by targeted groups, newphase 2 technical and business requirements will be introduced along withintegration to ZATCA’s systems. Phase 2 wave group will be notified at least6months in advance and enforcement date will not be earlier than January 1st2023.
E-invoicing not only provides digital storage, searching, sorting and filters but also allows for unified system for collaboration between different clients and suppliers. This unified system is extremely convenient, makes trade, logistics and collaboration easy and secure for everyone.
With SMIELS you can add unlimited team members, assign them invoices or tasks. Set more than 100+ custom permissions for each member. SMIELS is available in English and Arabic.