Electronic invoicing (e-invoicing)
It is the process of creating, sending and receiving invoices electronically. Using a computer system that allows issuing, sharing and saving invoices and notifications electronically or printing them to replace traditional paper invoices. Electronic invoices have many benefits compared to paper invoices, including reduced errors, time savings, and improved cash flow.
It is an invoice issued using an electronic invoicing system and must contain the requirements of the electronic invoice announced by the Zakat and Tax Authority.
E-invoices have two types:
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Electronic invoicing phases
The first phase (the phase of issuing and storing electronic invoices): it began to be applied as of December 4, 2021 AD.
Requirements for the first stage of the simplified tax invoice is presented on the side,The second phase (the phase of connectivity and integration): it will be implemented in phases starting from January 1, 2023 AD.
Tasks that are prohibited from technical solutions (prohibited from invoicing systems)
For more information and updates, you can review the guideline from the Zakat, Tax and Customs Authority.